China Eastern Airlines (CEA) is expected to fix its share issue price at the high end of the proposed range following strong interest in the stock from Europe and the US. A source from the company's underwriting syndicate said investors in Europe and the US - buying on CEA's position to capitalise on Shanghai's booming economy. The listing also represents the first mainland airline to issue shares abroad - had shown stronger interest than those in Asia. CEA, which has its headquarters in Shanghai, will finalise the issue price at noon today, when the Hong Kong offering closes. The international placement and the US share offering were completed last night in New York. Another source said CEA's public offering was more than four times subscribed as of yesterday. 'The investment bankers are very pleased with the reception to date of the offer and the subscription rate could go higher still as the offer does not close until noon,' the industry source said. Hong Kong will receive 10 per cent of the company's 1.4 billion shares, which will be sold between $1.22 and $1.38 each.