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China Eastern, China Southern parents get funds
(Agencies)
Updated: 2008-11-17 10:24

The parent companies of China Eastern Airlines and China Southern Airlines will each receive a 3 billion yuan ($440 million) capital injection from the government, according to sources.

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China Eastern Air Holding Company and China Southern Air Holding Company will get the funds within this year and then inject the money into their listed units, said sources.

As a result, China's Eastern's debt-to-equity ratio will fall to 94.7 percent from more than 98 percent, while China Southern's ratio will drop to 80.5 percent from 83 percent, added sources.


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