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China carrier aims to raise 1.9b yuan in Shanghai IPO

Wednesday, May 7, 2014 - 06:00

[BEIJING] Juneyao Airlines, a small privately owned carrier, said it aims to raise 1.9 billion yuan (S$380.7 million) in an initial public offering in Shanghai to fund its fleet expansion.The Shanghai-based carrier plans to issue up to 200 million shares or 29 per cent of its enlarged total

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