Core Viewpoint - China Eastern Airlines has approved the sale of the Shanghai Airlines Hongqiao base land and property to China Cargo Airlines for approximately RMB 138 million, which is expected to optimize the asset-liability structure and support the main business development of Shanghai Airlines [1] Group 1: Transaction Details - The board of directors of China Eastern Airlines unanimously agreed to transfer the Hongqiao base to China Cargo Airlines based on the assessed value approved by relevant authorities [1] - The transaction was formalized with a real estate sales contract signed on January 5, 2026, between Shanghai Airlines and China Cargo Airlines [1] - The expected gain from the transfer is approximately RMB 43.5 million, which will be used for the company's daily operations [1] Group 2: Strategic Implications - The sale is anticipated to improve the asset-liability structure of Shanghai Airlines [1] - The funds generated from the transaction will support the development of Shanghai Airlines' core business [1]
中国东方航空股份(00670)附属上海航空拟约1.38亿元将所持上航虹桥基地转让给中货航