HNA Property launches RMB 1.2b investment trust fund with CITIC Trust
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.
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