China’s Hainan Airlines Holding has unveiled further details of its assets restructuring plan, which include circulating 3.4 billion shares to take over stakes owned by parent HNA Group’s with an investment of CNY10.5 billion ($1.6 billion) and circulating non-public A shares to 10 investors to raise no more than CNY7 billion. According to a Shanghai Stock Exchange filing, the Haikou-based carrier plans to purchase the following stakes from parent HNA Group: 61% of HNA ...

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