[ET Net News Agency, 10 November 2020] Shenzhen International Holdings Limited (00152)
said Shenzhen International (SZ) (an indirect wholly-owned subsidiary of the company),
Aviation Capital, Cathay Pacific China Cargo, Fine Star Enterprises and the other
investors have entered into a capital increase agreement with Air China Cargo, pursuant to
which Air China Cargo agreed to increase its registered capital by RMB3.31 billion and
Shenzhen International (SZ) agreed to make a capital contribution of RMB1.57 billion to
Air China Cargo, of which RMB1.07 billion shall constitute contribution to the registered
capital of Air China Cargo.
Upon completion of the capital contributions, the group will hold 10% equity interest in
Air China Cargo. (RC)