Manufacturing Industry
Air China takes another step towards public listing
Airline Industry Information, Sept 30, 2004
AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD
Air China has taken a step closer to becoming a listed company after it founded Air China Ltd, a shareholding company that will assume all operations of Air China International Corp.
Air China Ltd is a joint-stock company with limited liabilities that brings the former state-controlled carrier into line with Chinese law concerning listed companies.
The airline is planning to list in both Hong Kong and New York by early 2005 with an offering of 30% of its shares which is expected to raise between USD500m and USD800m, reports Dow Jones.
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COPYRIGHT 2004 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning
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