China Southern Airlines to receive $4bn capital injection | 2019-07-21

China Southern Airlines to receive $4bn capital injection

21 July, 2019 12:00 AM printer

SHANGHAI: China Southern Airlines will carry out an equity diversification plan that will involve the injection of 30 billion yuan (US$4.36 billion) of capital from three investors, the firm announced on Saturday.

The Guangdong Hengjian Investment Holding Corporation, the Guangzhou Urban Construction Investment Group and the Shenzhen Penghang Equity Investment Fund will each inject 10 billion yuan into the airline, as part of the country's efforts to diversify ownership structures among state-owned firms, report agencies.

 


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