SHANGHAI (AP) - Shares in China Eastern Airlines soared Monday after the carrier announced a deal to sell a combined 24 percent stake to Singapore Airlines and Temasek Holdings, Singapore's government investment arm.
China Eastern's shares, which had been suspended from trading since May 22 after news of the talks on the deal surfaced, resumed trade Monday and surged 3.55 points, or 95 percent, to 7.28 Hong Kong dollars by midmorning on the Hong Kong Stock Exchange.
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