China Eastern Airlines issues statement regarding recent stock movement; says not aware of any other reasons for such increases in the price & volume (CEA) 133.90 +12.66 : Co files 6-K saying "we have noted the recent increases in the price and trading volume of the H shares of China Eastern Airlines Corporation and wish to state that, save for (i) the board of directors of the Company approved the disposal of the 98.79% equity interest in China Eastern Airlines Investment, held by the Company to be transferred to China Eastern Air Holding Company as disclosed in an announcement of the co dated 19 April 2007, and (ii) on 2 September 2007, the Company, CEA Holding, Singapore Airlines Limited ("SIA") and Lentor Investments, an indirect wholly owned subsidiary of Temasek Holdings, entered into a non-legally binding heads of agreement, pursuant to which SIA and Temasek will subscribe in cash for 1,235,005,263 new H shares and 649,426,737 new H shares in the Company respectively, and CEA Holding will also subscribe in cash for 1,100,418,000 new H shares in the co as disclosed in an announcement of the co dated September 2, 2007, we are not aware of any other reasons for such increases in the price and trading volume. Save as disclosed above, we also confirm that there are no other negotiations or agreements relating to intended acquisitions or realisations which are discloseable under rule 13.23 of the Hong Kong Listing Rules, neither is the Board aware of any other matter discloseable under the general obligation imposed by rule 13.09 of the Hong Kong Listing Rules, which is or may be of a price-sensitive nature."
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