Announced
Financials
Sources
Tags
air transportation
Domestic
Majority
Travel and Tourism
China
airlines
Public
Friendly
Pending
Single Bidder
Acquisition
Synopsis
Fangda Group, a new building materials and semiconductor products manufacturer, agreed to acquire a stake in Hainan Airlines, an airline headquartered in Haikou, China, from HNA Group, a Chinese conglomerate. Financial terms are not disclosed. Fangda may become the controlling shareholder of the Hainan Airlines after the investment.
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