Everbright to Sell Stake in Hainan Airlines

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Wednesday, September 27, 2000, updated at 09:18(GMT+8)

Business

Everbright to Sell Stake in Hainan Airlines

China Everbright Holdings Ltd. plans to sell its 4.5% stake in Hainan Airlines Co. (600221 SSE) to Hainan Airlines Holdings (Group) Co., the carrier's parent, for RMB92 million (US$11 million).

Hainan Airlines Holdings (Group) Co. will become the second-biggest shareholder of Hainan Airlines Co., China's fifth largest airline, with 7.98% after the purchase, Hainan Airlines said in a statement. (Panorama)


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	China Everbright Holdings Ltd. plans to sell its 4.5% stake in Hainan Airlines Co. (600221 SSE) to Hainan Airlines Holdings (Group) Co., the carrier's parent, for RMB92 million (US$11 million).




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