| China Southern Airlines Co Ltd. | |||
| Ticker: | ZNH | ||
| Exchange: | New York Stock Exchange | Guangzhou, CHINA | |
| Industry: | Transportation (SIC Code 4512) | ||
| Type of Shares: | American Depositary Receipts | Filing Date: | 6/25/97 | |
| U.S. Shares: | 7,070,260 | Offer Date: | 7/25/97 | |
| Non-U.S. Shares: | 13,529,740 | Filing Range: | $24.20 - $30.65 | |
| Primary Shares: | 20,600,000 | Offer Price: | $30.65 | |
| Secondary Shares: | 0 | Gross Spread: | $1.61 | |
| Offering Amount: | $564,954,984 | Selling: | $0.97 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| CS First Boston | Co-manager | (212) 325-2000 |
| PaineWebber Incorporated | Co-manager | (212) 713-2626 |
| Smith Barney Inc. | Co-manager | (212) 723-7300 |
| Business Description |
| The company provides commercial airline service throughout China, and other parts of the world. The company flew 27% of all of China's airline passengers in 1996. The company owns 60% each of four regional carriers and provides maintenance services. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to make payments for the acquisition of new aircraft and related flight equipment, the balance will be used to repay outstanding debt and to finance investments in other facilities and technology and working capital. |