The deal signed with China Eastern Airlines in mid-November gave 15.3% of the company to Singapore Airlines and 8.3% to Temasek Holdings, the Singapore investment company. Nevertheless, the agreement is subject to a two-thirds minority approval by both holders of China EasternÆs Shanghai-listed A-shares as well as H-share investors at an EGM on January 8.
An attempt by Air China and Cathay Pacific to derail the deal in mid-September triggered a speculative frenzy...
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