China Eastern Airlines Receives Commitment from ICBC for Stock Repurchase Loan Grant

MT Newswires Live04-13

China Eastern Airlines (SHA:600115, HKG:0670) received a letter of commitment from Industrial and Commercial Bank of China (HKG:1398, SHA:601398) for a 900-million yuan loan for the airline's stock repurchase program.

The loan has a three-year term and will expire on the date the airline will sign a financing contract with ICBC, according to a Saturday filing with the Shanghai bourse.

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