Tiongkok Southern Airlines clarifies possible ‘major strategic cooperation’ news

Tiongkok Southern Airlines clarifies possible ‘major strategic cooperation’ news



  eTN Article:

Cina Southern Airlines Company Limited has noted from recent media coverage which reported that, inter alia, the business is in discussion with a third party on the strategic cooperation. In response to the News, the Company, having made due enquiries, wishes in order to clarify as follows:

As at the date of this press release, the Company is in the negotiation of a possible main strategic cooperation (“ Possible Transaction” ) with a third party.

The Company wishes to emphasize that the Possible Deal is subject to internal approvals by the board of directors and shareholders (if applicable) of each party, the home loan approvals by the relevant governmental authorities (if applicable), and the entering into of certain final legally binding documents by the related parties thereto and the terms thereof.

As of the date of this press release, the Company does not have any holding arrangement or definitive agreement in relation to the Possible Transaction. The Possible Transaction may or may not proceed.

The Company will fulfill its obligations of information disclosure in a timely manner and will make further announcement under the applicable regulations as and when necessary. Shareholders and potential investors of the Company are reminded to exercise caution when dealing in the particular securities of the Company.

 

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