Date
17 August 2017

Hainan Airlines to lift stake in Lucky Air to 86.7%, filing says

Hainan Airlines Co. Ltd. (600221.CN) will acquire an additional 52.9 percent stake in Yunnan-based Lucky Air co. Ltd. for 1.7 billion yuan (US$279.9 million), according to a regulatory filing late Wednesday. The stake will be acquired from Hainan Airlines’ controlling shareholder, Grand China Air Co. Ltd. Upon completion of the deal, Hainan Airlines will have 86.68 percent stake in Lucky Air while the Yunnan’s state-owned asset management authority will hold the remainder.

– Contact HKEJ at [email protected]

MY/AC/RC

 

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