It is legal for Air China to buy East Star Airlines for one yuan.

The subject wants to ask, "Is it legal for Air China to buy East Star Airlines for one yuan?" ? Legal. Official website, State Administration of Market Supervision and Air China's one-yuan acquisition of East Star Airlines is legal. The acquisition plan has been reviewed and filed by the state market supervision and management department and the securities department, and the acquisition procedures and contracts are in compliance with the relevant laws of China. In 2009, East Star Airlines negotiated with China International Airlines Group to reach a reorganization intention agreement. In the final agreement, Air China Group acquired 0/00% equity of East Star Airlines/KLOC-0 at a nominal price of RMB, assumed 450 million yuan debt of East Star Airlines, and then returned the loan of RMB 0/0.40 billion to East Star Airlines/KLOC-0 in the name of repaying the loan.