On the Record · China Eastern Airlines
China Eastern Airlines acquisitions, on the record
The businesses China Eastern Airlines bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Xi’an Dongmei Aviation Travel Co. LtdWord for word“On December 27, 2012, our wholly-owned subsidiary, Shanghai Airlines Tours International (Group) Co., Ltd. (“Shanghai Airlines Tours”) entered into an agreement with Eastern Tourism and Shanghai Dongmei to acquire 45% and 55% of the issued share capital of Xi’an Dongmei Aviation Travel Co. Ltd, held by them respectively for a consideration of approximately RMB3.3 million comprising approximately RMB1.5 million payable to Eastern Tourism and approximately RMB1.8 million payable to Shanghai Dongmei.” 20-F for 2019 | agreed acquisition | December 27, 2012 | approximately RMB3.3 million |
Kunming DongmeiWord for word“On December 27, 2012, our wholly-owned subsidiary, Shanghai Airlines Tours also entered into another agreement with Eastern Tourism and Shanghai Dongmei to acquire 45% and 55% of the issued share capital of Kunming Dongmei, held by them respectively for a consideration of approximately RMB10.6 million comprising RMB4.7 million payable to Eastern Tourism and approximately RMB5.8 million payable to Shanghai Dongmei.” 20-F for 2019 | agreed acquisition | December 27, 2012 | approximately RMB10.6 million |
Eastern TravelWord for word“On January 10, 2013, our wholly-owned subsidiary, Shanghai Airlines Tours entered into an agreement with Eastern Tourism to acquire the entire issued share capital of Eastern Travel held by Eastern Tourism Investment Group Co., Ltd. for consideration of approximately RMB11.9 million.” 20-F for 2019 | agreed acquisition | January 10, 2013 | approximately RMB11.9 million |
Shanghai DongmeiWord for word“On August 15, 2014, Shanghai Airlines Tours, our wholly-owned subsidiary, entered into an equity transfer agreement with Eastern Tourism, pursuant to which, Shanghai Airlines Tours acquired 72.84% equity interest in Shanghai Dongmei from Eastern Tourism with consideration of RMB32,147,700.” 20-F for 2019 | acquisition | August 15, 2014 | RMB32,147,700 |
Eastern Air Group Company, China Northwest Airlines Company and Yunnan Airlines CompanyWord for word“The term “CEA Holding” refers to our parent, China Eastern Air Holding Company, which was established on October 11, 2002 as a result of the merger of our former controlling shareholder, Eastern Air Group Company, or EA Group, with China Northwest Airlines Company and Yunnan Airlines Company.” 20-F for 2020 | merger | October 11, 2002 | — |
a subsidiaryWord for word“(Net) proceeds from disposal of a subsidiary — (90 ) (11 )” 20-F for 2020 | divestiture | — | (90 ) (11 ) |
Read from China Eastern Airlines’s annual reports (20-F for 2021, 20-F for 2020, 20-F for 2019) and the financial data it files with the SEC, as of 2022-04-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.