FINWIRES · TerminalLIVE
FINWIRES

Air China Raises 20 Billion Yuan via Private Placement to Parent; Hong Kong Shares Slide 3%

By

Air China (HKG:0753, SHA:601111) completed a mainland-listed share issuance that raised net proceeds of about 20 billion yuan, according to a Wednesday Hong Kong bourse filing.

Hong Kong-listed shares of the firm were down nearly 3% in Thursday afternoon trade.

The airline issued 3.04 billion shares at 6.57 yuan apiece to its controlling shareholder, China National Aviation, and its unit, China National Aviation Capital.

The proceeds will be used for debt repayment and replenishing working capital, the company said.

Related Articles

Asia

Market Chatter: JPMorgan Says More International Investors Want to Invest in Chinese Stocks

Chinese equities continue to attract more foreign investors due to rising technological advancements and the stocks' low valuations, the South China Morning Post reported Thursday, citing JPMorgan Chase.A survey from the U.S.-based bank showed that the number of investors considering investing in China rose to 57% from 51% in the same period a year earlier, according to the media outlet.Global investors are looking into stocks in the technology space, including artificial intelligence, electric vehicles, renewable energy, robotics and biotechnology, due to their robust research and development capabilities, as well as their production costs, the report said.Kwang Kam Shing, JPMorgan's chairwoman for North Asia, said foreign investment in China and Hong Kong stayed at a historical low, but international investors are considering their valuation more attractive than their counterparts, according to the SCMP.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$^HSI$^SSEC$^SZSE
Asia

Keppel On Track to Achieve Key Carbon Emissions Milestone

Keppel (SGX:BN4) says it is well ahead of its 2050 target to achieve a key carbon emissions milestone, according to a company filing on the Singapore bourse on Thursday.The company reported an 87.6% reduction in its Scope 1 and 2 emissions in 2025, with 2050 set as the target to hit net-zero emissions.The global asset manager and operator's Scope 1 emissions fell by 97% from 2020 to 2025.

$SGX:BN4
Asia

New Zealand Shares Flat; Bremworth Backs Floorscape Agreement Amid Speculation Over Regulatory Clearance

New Zealand shares ended flat with a negative bias on Thursday as all Asian markets saw a sell-off amid continued hostilities between the US and Iran.The S&P/NZX 50 Index was little changed to close at 13,206.11.The US carried out overnight strikes in Iran targeting a military site and downed four Iranian one-way attack drones deemed a threat near the Strait of Hormuz, according to a Wednesday Reuters report, citing a US official."Over the next 2 weeks, we expect either a deal for a new ceasefire, or the current ceasefire will have collapsed with active hostilities resuming," said Madison Cartwright, a senior geo-economics ​analyst at Commonwealth Bank of Australia, as quoted by Reuters.In domestic news, the seasonally adjusted number of filled jobs across New Zealand industries rose 0.2% month-over-month to 2.4 million in April, following a 0.3% increase in March, data from Stats NZ showed.Also, New Zealand's total number of enterprises rose to 603,354 in April 2026 from 596,721 in April 2025, according to data from stats.govt.nz.In corporate news, Bremworth (NZE:BRW) said it continues to believe that its October 2025 agreement to be acquired by Floorscape represents the best available opportunity to provide value to shareholders.Fonterra Co-operative Group (NZE:FCG) said the opening 2026/27 season forecast farmgate milk price is NZ$9.75 per kilogram of milk solids within a range of NZ$8 to NZ$11.

$^NZ50$NZE:BRW$NZE:FCG