Hainan Airlines plans to inject 1.5 billion yuan into HNA International Tourism Island Development and Construction (HNA Tourism Island), reports yicai.com, citing a company filing.
Upon the completion of the capital injection, the registered capital of HNA Tourism Island will be enlarged to 4.5 billion yuan and the stake held by Hainan Airlines in HNA Tourism Island will rise to 33 percent.
In addition, Hainan Airlines plans to inject 1.5 billion yuan in Grand China Air. Hainan Airlines currently holds a 60 percent stake in Grand China Air.
SOURCE: CapitalVue
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