FilingReader Intelligence

China Southern Airlines extends cash management of idle funds

May 26, 2025 at 07:03 AM UTCBy FilingReader AI

China Southern Airlines (SSE:600029) will extend its cash management strategy for idle funds raised from its 2020 A-share offering and convertible bonds, with China International Capital Corporation Limited (CICC) supporting the move. The decision was approved by the board on May 23, 2025, reflecting a continued effort to optimize the use of capital without impacting planned project investments. For the A-share funds, up to CNY 700 million will be allocated for cash management, while up to CNY 1.2 billion is earmarked from the convertible bond proceeds. These funds will be invested in low-risk, liquid products such as seven-day notice deposits and negotiable certificates of deposit. The extension runs for twelve months starting June 23, 2025 and October 23, 2025 respectively. Separately, United Credit Rating Co., Ltd. has affirmed China Southern Airlines' AAA credit rating on both its corporate bonds and main credit rating with a stable outlook.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:600029Shanghai Stock Exchange
Airlines

News Alerts

Get instant email alerts when China Southern Airlines publishes news

Free account required • Unsubscribe anytime

Filing Activity Timeline

View Complete Filing History →