Air China Ld CSRC'S APPROVAL ON PUBLIC ISSUE OF CORPORATE BONDS (2853A)
20 Gennaio 2020 - 8:00AM
UK Regulatory
TIDMAIRC
RNS Number : 2853A
Air China Ld
20 January 2020
Hong Kong Exchanges and Clearing Limited and The Stock Exchange
of Hong Kong Limited take no responsibility for the contents of
this announcement, make no representation as to its accuracy or
completeness and expressly disclaim any liability whatsoever for
any loss howsoever arising from or in reliance upon the whole or
any part of the contents of this announcement.
AIR CHINA LIMITED
(a joint stock limited company incorporated in the People's
Republic of China with limited liability)
(Stock Code: 00753)
CSRC'S APPROVAL ON PUBLIC ISSUE OF CORPORATE BONDS OVERSEAS
REGULATORY ANNOUNCEMENT
Reference is made to the announcement of Air China Limited (the
"Company") dated 30 May 2019 on the poll results of the 2018 annual
general meeting, relating to, among other things, the authorisation
granted by the shareholders' meeting to the board of directors (the
"Board") (and the Board's authorised person(s)) to issue debt
financing instruments.
The Board hereby announces that on 17 January 2020, the Company
received the Approval Document Zheng Jian Xu Ke [2020] No. 60 from
the China Securities Regulatory Commission ( ) (the "CSRC") (the
"CSRC's Approval"), which approved the Company's public issue of
corporate bonds with an aggregate principal amount of no more than
RMB16,000,000,000 (the "Corporate Bonds") to qualified investors in
the PRC. The Corporate Bonds will be issued in stages, with the
first tranche of the Corporate Bonds to be issued within 12 months
from the date of approval of the issue by the CSRC (8 January 2020)
and the other tranches to be issued within 24 months from the date
of approval of the issue by the CSRC. The CSRC's Approval is valid
for 24 months commencing from the date of approval of the issue by
the CSRC.
By Order of the Board
Air China Limited
Zhou Feng Tam Shuit Mui
Joint Company Secretaries
Beijing, the PRC, 17 January 2020
As at the date of this announcement, the directors of the
Company are Mr. Cai Jianjiang, Mr. Song Zhiyong, Mr. Patrick Healy,
Mr. Xue Yasong, Mr. Wang Xiaokang*, Mr. Liu Deheng*, Mr. Stanley
Hui Hon-chung* and Mr. Li Dajin*.
* Independent non-executive director of the Company
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END
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