South China Morning Post
Daniel Ren in Shanghai
Jan 09, 2008
Small investors proved more powerful than Beijing's top policymakers yesterday when minority shareholders of China Eastern Airlines (SEHK: 0670) scuppered a HK$7.16 billion tie-up with Singapore Airlines.
Despite the green light from top officials, the long negotiated deal was resoundingly defeated by shareholders, who now expect a sweeter offer from the parent of Air China (SEHK: 0753, announcements, news) , China Eastern's biggest rival.
