Air China's Ipo Takes Off with Huge Demand

Evening Standard - London › December 09, 2004

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Summary

AIR China, the country's largest international carrier, has effortlessly raised the HK$8.36 billion (Pounds 590 million) it sought in an initial public offering, bankers to the sale said today.

It sold 2.805 billion shares at HK$2.98 each, the bankers told Bloomberg.

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Air China's Ipo Takes Off with Huge Demand

Other reports said the issue was 70 times oversubscribed.

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