The Shanghai Stock Exchange approved Air China's (HKG:0753, SHA:601111) application to issue A shares to certain investors, according to a Shanghai Stock Exchange filing on Monday.
The plan is still subject to the Chinese securities regulator's approval, the airline company said.
Shares of the company rose less than 2% on the Hong Kong bourse.
Price (HKD): $3.86, Change: $+0.060, Percent Change: +1.58%
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