久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

   

CEA rejects CNAC's wide-ranging alliance proposal

(Xinhua)
Updated: 2008-02-27 06:50

BEIJING -- China Eastern Airlines Corp (CEA) on Tuesday rejected a wide-ranging alliance proposal from China National Aviation Corp (Group) (CNAC).

The move could close the door for an alliance between the Shanghai-based carrier and Air China, the country's third- and second- largest airlines, respectively, by fleet size, analysts said.

"Our board of directors has decided not to give further consideration to CNAC's proposal after prudent and sufficient discussions and advice-seeking from the legal and finance consultants," CEA said in a statement to the Shanghai Stock Exchange late on Tuesday.

"The company will stick to (the plan) of bringing in a strategic investor to make its main air transport business more competitive," the statement noted.

"In the whole process of proposal-making and with the communications method, CNAC has never showed any sincerity and deep and thorough planning for our cooperation," it said.

CEA stated the proposal does not have the legal binding power as any formal offers do and it has huge uncertainty in terms of law and future official approval process.

It added the ultimate purpose of bringing in a strategic investor was to improve corporate management, operation efficiency, profitability and the international competitiveness. "CNAC and the parties it represents will be unable to help us meet the above expectations."

CEA cited advice from its financial consultant, Shenyin Wanguo Securities, as saying the potential lengthy negotiations with CNAC might make it miss good development opportunities that can seriously affect its future operation and growth.

On January 21, CEA disclosed details of CNAC's alliance proposal, which it said it received on January 18. The Hong Kong-based CNAC is the wholly-owned subsidiary of China National Aviation Holding Co (CNAHC), parent of Air China Ltd.

On January 8, CNAC successfully blocked CEA's proposed sale of 1.88 billion H shares, or a 24 percent stake, to Singapore Airlines (SIA) and Lentor Investments, a unit of Singapore government investment arm Temasek Holdings.

Minority shareholders believed the offer price of HK$3.80 (49 US cents) per share failed to reflect CEA's fair value. CNAC also accused the deal of being unfair to other shareholders and domestic airlines as it included anti-dilution rights and a non-competition clause.

In the proposal, CNAC said it offered to buy with China Eastern Group its listed arm's 2.98 billion H shares at a price of no lower than HK$5 a share.

Air China, the Beijing-based flag carrier, would help CEA facilitate construction of a Shanghai aviation hub, and optimise its air routes network and operation of the Pudong and Hongqiao airports, according to the proposal.

CNAC suggested setting up a joint venture to integrate the cargo business at the two state-owned airlines to sharpen their competitive edge. It also suggested the two carry out wide-ranging cooperation, including code-sharing, air routes optimization, maintenance and ground services.

The investment of no less than HK$14.9 billion in cash would reduce CEA's assets-liabilities ratio to 77 percent from 94.3 percent and save it 776 million yuan in debt interest annually, it said in the proposal.

The cooperation would bring the two five billion yuan (US$699 million) in returns annually, including four billion yuan in revenue growth and one billion yuan in cost reduction, CNAC said.

The alliance would also help them grasp a larger market share of international flights to and from Beijing and Shanghai and boost the competitiveness of their internationally weak cargo business, CNAC stated.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    国产女人aaa级久久久级 | 韩国一区二区在线观看| 精品国产91久久久久久久妲己| 国产综合色在线视频区| 国产精品三级电影| 91网上在线视频| 天天综合日日夜夜精品| 精品国产乱码久久久久久老虎| 成人性生交大片免费看视频在线| 椎名由奈av一区二区三区| 欧美年轻男男videosbes| 麻豆91精品91久久久的内涵| 国产欧美一区二区精品忘忧草 | 丝袜国产日韩另类美女| 久久综合九色欧美综合狠狠| 菠萝蜜视频在线观看一区| 一区二区理论电影在线观看| 91精品蜜臀在线一区尤物| 国产精品自拍在线| 亚洲精品视频观看| 日韩免费福利电影在线观看| va亚洲va日韩不卡在线观看| 亚洲成人动漫精品| 国产亚洲成av人在线观看导航| 91视频www| 裸体在线国模精品偷拍| 日韩毛片视频在线看| 日韩午夜激情免费电影| 不卡视频在线观看| 日韩电影网1区2区| 国产精品成人一区二区三区夜夜夜 | 国产·精品毛片| 亚洲国产综合91精品麻豆| 久久久久青草大香线综合精品| 在线视频中文字幕一区二区| 久久国产精品免费| 亚洲免费观看在线视频| 久久午夜免费电影| 欧美日韩一本到| 播五月开心婷婷综合| 美女视频网站黄色亚洲| 亚洲黄色小说网站| 国产调教视频一区| 91精品国产综合久久久久久漫画 | 欧美最猛性xxxxx直播| 国产精品一品二品| 偷窥国产亚洲免费视频| 国产精品传媒入口麻豆| 精品成人私密视频| 精品视频一区二区不卡| 99久久国产综合精品麻豆| 久久黄色级2电影| 一二三四社区欧美黄| 国产日韩精品一区二区三区| 日韩一区二区中文字幕| 色婷婷综合久久久中文一区二区 | 九九**精品视频免费播放| 亚洲综合在线免费观看| 欧美国产精品一区| 精品日韩在线观看| 欧美日韩另类一区| 色婷婷综合久久久中文字幕| 成人午夜在线免费| 精品在线视频一区| 日韩va欧美va亚洲va久久| 亚洲男同1069视频| 国产精品对白交换视频| 国产偷国产偷精品高清尤物 | 国产经典欧美精品| 久久精品国产久精国产爱| 亚洲第一会所有码转帖| 亚洲少妇屁股交4| 欧美激情中文字幕一区二区| 精品国产露脸精彩对白| 欧美一级二级在线观看| 91.com在线观看| 欧美性受xxxx| 日本道精品一区二区三区| av在线播放不卡| 国产91丝袜在线播放0| 国产一区美女在线| 精品一区二区久久久| 蜜臀久久99精品久久久久宅男| 五月天欧美精品| 亚洲午夜私人影院| 亚洲综合在线免费观看| 一区二区三区欧美久久| 亚洲天堂av老司机| 亚洲人123区| 亚洲精品视频在线观看网站| 亚洲欧美日韩中文字幕一区二区三区 | 亚洲一区二区三区四区五区中文| 亚洲精品写真福利| 亚洲男人的天堂在线观看| 亚洲欧洲韩国日本视频| 亚洲欧洲日韩一区二区三区| 中文字幕一区免费在线观看| 中文字幕亚洲电影| 1000部国产精品成人观看| 亚洲日本在线a| 亚洲美女一区二区三区| 夜夜嗨av一区二区三区网页 | 亚洲一线二线三线视频| 亚洲h在线观看| 日韩在线一二三区| 蜜臀av性久久久久蜜臀av麻豆| 美女mm1313爽爽久久久蜜臀| 另类中文字幕网| 国产一区二区毛片| 成人美女在线观看| 91女神在线视频| 欧美性xxxxxx少妇| 欧美一区二视频| 日韩视频中午一区| 久久品道一品道久久精品| 国产视频一区在线播放| 国产精品国产三级国产普通话三级| 国产精品你懂的在线欣赏| 亚洲欧美综合色| 一区二区不卡在线视频 午夜欧美不卡在 | 欧美一区二区精品久久911| 日韩美一区二区三区| 久久久亚洲综合| 国产精品福利一区二区| 亚洲一区二区三区视频在线| 日韩综合小视频| 国内精品伊人久久久久av影院 | 色综合夜色一区| 欧美视频一区二区| 日韩三级高清在线| 国产偷国产偷亚洲高清人白洁| 亚洲婷婷综合色高清在线| 亚洲18女电影在线观看| 麻豆91在线看| 国产乱淫av一区二区三区| av综合在线播放| 欧美色男人天堂| 久久这里都是精品| 亚洲天堂久久久久久久| 婷婷丁香久久五月婷婷| 国产精品一线二线三线精华| 99re亚洲国产精品| 7777精品久久久大香线蕉| 久久久噜噜噜久噜久久综合| 亚洲欧美在线aaa| 日韩在线观看一区二区| 大胆亚洲人体视频| 欧美日韩亚洲综合在线| 久久嫩草精品久久久精品一| 亚洲欧美aⅴ...| 久久99国产精品久久99| 91看片淫黄大片一级| 日韩欧美中文字幕制服| 国产精品欧美精品| 日韩综合一区二区| 成人a免费在线看| 884aa四虎影成人精品一区| 国产欧美一区二区三区沐欲| 亚洲成a人v欧美综合天堂下载| 国产一区高清在线| 欧美日韩亚洲丝袜制服| 欧美国产一区二区在线观看 | aaa国产一区| 日韩精品一区二区在线观看| 最新国产成人在线观看| 另类调教123区| 在线观看成人免费视频| 久久九九影视网| 午夜成人在线视频| 成人动漫一区二区在线| 日韩精品一区二区三区在线播放| 亚洲欧美日韩精品久久久久| 国产一区二区三区四区五区美女| 欧美午夜电影在线播放| 国产喷白浆一区二区三区| 日日摸夜夜添夜夜添亚洲女人| av午夜一区麻豆| 日韩你懂的在线观看| 亚洲一区免费视频| 波多野结衣精品在线| 精品少妇一区二区三区| 午夜精品国产更新| 99国产欧美另类久久久精品| 精品少妇一区二区三区| 五月激情六月综合| 色中色一区二区| 中文字幕av一区 二区| 另类专区欧美蜜桃臀第一页| 欧美性猛交xxxxxxxx| 最新中文字幕一区二区三区| 国产伦精一区二区三区| 日韩一级免费一区| 亚洲成年人网站在线观看| 一本高清dvd不卡在线观看| 国产日产亚洲精品系列| 美女www一区二区| 7777女厕盗摄久久久| 亚洲成人av一区二区| 色婷婷综合久久| 亚洲视频中文字幕|