Press Release




CALC Announces Share Capital Increase of HK$320 Million with Placement of 40,000,000 New Shares to Independent Investors

26 August 2016, Hong Kong - China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, stock code: 01848.HK), the largest independent operating aircraft lessor in China, announced today that it has entered into subscription agreements with not less than six independent professional, institutional or other investors relating to the subscription of a total of 40,000,000 new shares to be allotted and issued by the Group. The agreement is subject to a lock-up period of 12 months, which shows the investors’ commitment to CALC’s long-term success. The subscription price per new share is HK$8.00 and represents a discount of approximately 10.11% to the HK$8.90 closing price of the CALC share on the Hong Kong Stock Exchange on 26 August 2016.


The share subscriptions will result in gross proceeds of HK$320,000,000. The net proceeds after deduction of the relevant expenses are expected to be approximately HK$319,700,000, which the Group intends to use for new aircraft acquisitions, financing the aircraft disassembly centre, business expansion in aircraft and related businesses, and general corporate purposes.


Following the completion of the transaction, CALC’s outstanding number of share will increase from 626,646,640 to 666,646,640 shares. The new shares will represent 6.00% of the total issued shares of CALC enlarged as a result of the transaction, while China Everbright Limited and Friedmann Pacific Asset Management Limited (and its associates) remain the largest shareholders with a 32.48% and a 28.80% stake respectively. The subscription agreement is subject to customary conditions precedent including permission for listing of new shares on the Stock Exchange.

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China Aircraft Leasing Group Holdings Limited

Corporate Communications Department