Air China (601111.SH) plans to sell some of its Cathay Pacific shares

According to the Zhitong Finance App, Air China (601111.SH) announced that the company and its wholly-owned subsidiary EaseRichInvestments Inc. signed a placement agreement with the placement agent on January 5, 2026 to entrust placement agents to sell about 1.61% of Cathay Pacific's shares in the Hong Kong stock exchange market through bulk transactions. Combined with Cathay Pacific's recent stock price and based on the placement agent's inquiry results, the transaction price is HK$12.22 per share. The estimated total transaction amount is HK$1,321 billion. The transaction is expected to be completed no later than 3 trading days after the placement agreement is signed or within such other period as agreed in writing between Easerich Investments Inc. and the placement agent. According to estimates by the company's finance department, the sale of assets is estimated to achieve a profit of approximately RMB 182 million before tax.