HNA Property, a subsidiary of Hainan Airlines Group, launched an investment trust fund with CITIC Trust, reports yicai.com, citing a press release by HNA Property.

The investment trust will have a capital of more than 1.2 billion yuan.

This is the first time that CITIC Trust will cooperate with a real estate partner to launch a fund.

Several sub-funds targeted at various investment and financing projects will be launched.

Shares of Hainan Airlines (600221), a subsidiary of Hainan Airlines Group, dipped 0.87 percent to trade at 5.71 yuan at 13:08 pm today.

 
SOURCE:  capitalvue.com
      
Editorial Message  
This site contains materials from other clearly stated media sources for the purpose of discussion stimulation and content enrichment among our members only.
whatsonsanya.com does not necessarily endorse their views or the accuracy of their content. For copyright infringement issues please contact editor@whatsonsanya.com