China Eastern Airline

· SIA is in final negotiation to buy between 15% and 25% stake in China Eastern Airlines (670) for US$600 million to US$1 billion. The purchase was said to be either at market price or at the most limited premium. It was earlier reported that the airline will offer 2.05 billion new H shares to SIA and 1.27 billion new H-shares to the parent company in order to maintain 51% interest in the company.