China Eastern Air Holding buys 33.97M A‑shares (CNY159.7m / US$23.2m) to raise stake
China Eastern Air Holding, parent of China Eastern Airlines (MU, Shanghai Hongqiao), purchased 33,971,300 A‑shares valued at CNY159.7 million (about US$23.2 million) to increase its stake in the carrier. The purchase comes as Chinese carriers have been active with share transactions and major A320neo fleet commitments in recent weeks.