News.xinhuanet.com
4 Aug 2008
BEIJING, Aug. 4 (Xinhua) -- Singapore Airlines (SIA) does not plan to raise its offer for a stake in China Eastern Airlines (CEA), SIA's vice president for public affairs Stephen Forshaw said on Monday.
SIA and Temasek, Singapore's state-linked investment firm, signed a preliminary deal in September to take a 24-percent stake in Shanghai-based CEA for 923 million U.S. dollars, or 3.80 Hong Kong dollars per share.
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