Hidden Hill Capital, an investment firm, completed the acquisition of a 10% stake in China Southern Airlines Cargo Logistics, a logistics company, from China Southern Airlines, an airline company, for $114m. “When we pursue mixed-ownership reform, we are seeking valuable insights and a vision to improve corporate governance and procedures to enhance our international competitiveness. We choose partners that understand the various elements of the logistics ecosystem and bring us a great wealth of knowledge that we can leverage across our four major business sectors — air cargo, modern warehousing, supply chain management, and e-commerce,” He Xiaoqun, China Southern Airlines Logistics Chairman.