免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

Economy

Markets

Industries

Insights

Reports

Events

Jiaxin sells 80m shares in Hainan Airlines

By Hao Yan (chinadaily.com.cn)
Updated: 2009-07-13 17:32

Hainan Jiaxin Investment Management Co, Hainan Airlines' fourth largest shareholder, has cut its stake in the carrier by 2.25 percent to 1.61 percent, Hainan Airlines announced over the weekend.

As of July 10, Jiaxin had sold nearly 80 million shares it preciously held in Hainan Airlines, the carrier said. Jiaxin now holds about 57 million of its negotiable shares.

Jiaxin, which is owned by employees of HNA Group, the parent firm of Hainan Airlines, may have made a 180 percent profit on the deal, as it sold the shares at around 5.63 yuan a share but had bought them at only 2 yuan a share two years ago when the airline issued new shares, Guangzhou Daily reported today.

Related readings:  Hainan Airlines loses $208m in 2008  Hainan Airlines halves Embraer ERJ-145 plane order to 25   Hainan Airlines' management change leads to speculation  Air China, Hainan Airlines lead pack

It was the second time Jiaxin had cut its stake in the airline. In October 2007, it sold nearly 49 million shares in Hainan Airlines and earned about 450 million yuan.

An insider with Hainan Airlines told the newspaper that the sale may signal Grand China Air's listing in the near future. The person said it showed HNA employees may have wanted to sell their shares in Hainan Airlines for cash through Jiaxin and subscribe for Grand China Air's shares.

Grand China Air was formed on Nov 29, 2007 under the initiative of Hainan Airlines to merge its operations with HNA Group's subsidiaries Shanxi Airlines, Chang'an Airlines and China Xinhua Airlines. It is the country's fourth largest airline, following Air China, China Southern and China Eastern.

Grand China Air seeks to be listed in Hong Kong but the plan has been put off several times.