Shanghai Stock Exchange Accepts Air China’s A-Share Issuance Application
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Air China Limited has announced that the Shanghai Stock Exchange has accepted its application to issue A shares to specific investors. The exchange confirmed that the company's prospectus and application documents are complete and will proceed with the review. The A-share issuance could enhance Air China's refinancing capacity, but the timing and outcome remain uncertain, prompting caution for shareholders. The latest analyst rating for Air China stock is a Buy with a price target of HK$8.20.
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