Air China discloseable transaction capital injection to Shenzhen Airlines
22-Mar-2010 On 21 March 2010, the Company entered into the Capital Increase Agreement with Total Logistics and Huirun, pursuant to which the Company and Total Logistics have agreed to make capital contribution of RMB1,030,125,000 in aggregate to Shenzhen Airlines, of which the Company will contribute RMB682,143,750 to subscribe for an additional registered capital of RMB339,375,000 and Total Logistics will contribute RMB347,981,250 to subscribe for an additional increased registered capital of RMB173,125,000.
Huirun's liquidator has waived, on behalf of Huirun, its right to subscribe for the additional registered capital and agreed that the Company and Total Logistics shall subscribe for the entire additional registered capital of Shenzhen Airlines. After such capital increase, the registered capital of Shenzhen Airlines would be RMB812.5 million and the shareholdings of the Company, Total Logistics and Huirun in Shenzhen Airlines would be 51%, 25% and 24%, respectively.
Refer to full documentation in attachments box, located at the top left, below the headline.
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