China Eastern Airlines Corporation Limited announced that it has received CNY 9.465753983 billion in funding from Juneyao Airlines Co., Ltd, Shanghai Juneyao Co., Ltd., Shanghai Jidaohang Enterprise Management Company Limited, Chengtong Fund Management Co., Ltd., Shanghai Juneyao Airline Hong Kong Limited

On August 29, 2019, China Eastern Airlines Corporation Limited (SHSE:600115) closed the transaction. The company has issued 517,677,777 H shares for gross proceeds of CNY 2,006,539,253.085 to new investor Shanghai Juneyao Airline Hong Kong Limited representing 3.16% stake in its final tranche.