Hainan Airlines , partly owned by U.S. financier George Soros, suspended trading of it shares on Monday, pending announcement of a share placement deal.
In a filing with the Shanghai Stock Exchange, Hainan Air did not elaborate on its A share placement plan.
The move would pave the way for a possible listing of the rest of other aviation assets of Hainan Air’s parent, industry analysts said.
Hainan Air declined to comment.
SOURCE: reuters.com

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