Full article in Chinese: http://www.caijing.com.cn/2009-06-02/110174766.html ,
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» State-owned Air China Ltd. said shareholders in Air Macau Co.,
franklin et marshall, in which it has a controlling 51 percent stake,
chaussure louboutin pas cher, have approved a capital injection of 507.3 million Macanese patacas (US$63.5 million) to prop up the struggling airline.
» Air Macau had a net asset value of minus 107.3 million patacas at the end of 2008.
» The bailout plan includes setting up a non-distributable reserve of up to 108.3 million patacas through pro-rata cash contributions from Air Macau's shareholders,
franklin marshall pas cher, the statement said.
» Air Macau's share capital will also be boosted by 200 million patacas through the issue of 1.99 million ordinary shares to existing shareholders.
» A further 2 million non-voting preference redeemable registered shares will be issued to the Macau government,
polo ralph lauren pas cher, taking the airline's share capital to 400 million patacas.
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