25th Sep 2007 07:04
Air China Ld25 September 2007 The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy orcompleteness and expressly disclaims any liability whatsoever for any losswhatsoever arising from or in reliance upon the whole or any part of thecontents of this announcement. Air China Limited(Stock Code: 753)Clarification Announcement and Resumption of Trading Air China Limited ("Air China") clarifies that it was not contemplating anacquisition of shares in China Eastern Airlines Corporation Limited ("ChinaEastern"). Air China has made an application to The Stock Exchange of Hong Kong Limitedfor resumption of trading in its H Shares with effect from 9:30 a.m. on 25 September 2007. On 22 September 2007, an article appearing in South China Morning Postspeculated that Cathay Pacific Airways Limited ("Cathay Pacific") and Air China were teaming up to acquire shares in China Eastern. Air China clarifies that it was not contemplating an acquisition of sharesin China Eastern. Instead, Air China's controlling shareholder, China National Aviation Holding Company Limited ("CNAHC"), has confirmed to AirChina that CNAHC and Cathay Pacific had contemplated an acquisition of shares in China Eastern ( the "Possible Transaction"). CNAHC has also informed Air China that the Possible Transaction will not now or in the next three months proceed. At the request of Air China, trading in the H Shares of Air China on The Stock Exchange of Hong Kong Limited was suspended with effect from 9:30 a.m. on 24 September 2007 pending the issue of this announcement which may contain price-sensitive information. The event that would have given rise to the price-sensitive informationwill not now proceed. Accordingly, Air China has made an application toThe Stock Exchange of Hong Kong Limited for the resumption of trading in the H Shares of Air China with effect from 9:30 a.m. on 25 September 2007. By order of the Board Huang Bin Li Man Kit Joint Company Secretaries Beijing, the PRC 24 September 2007 As at the date of this announcement, the Directors of the Company are Messrs Li Jiaxiang, Kong Dong, Wang Shixiang, Yao Weiting, Christopher Dale Pratt, Chen Nan Lok, Philip, Ma Xulun, Cai Jianjiang, Fan Cheng, Hu Hung Lick, Henry*, Wu Zhipan*, Zhang Ke* and Jia Kang*. * Independent non-executive Director of the Company This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Air China