HNA unloads shares of South African airline as selloff continues
HNA Group sold all its shares in South African airline Comair, the latest disposal by the debt-laden Chinese conglomerate. Comair disclosed the sale in an exchange filing on Thursday, though the statement didn’t provide details about when the shares changed hands and at what price. HNA had held 29m shares, or 6.2% of Comair, before the disposal, according to data compiled by Bloomberg. That stake would be valued at about $14m based on current market prices. Comair first disclosed to investors about HNA’s ownership in 2015.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-05-18/unaligned/hna-unloads-shares-of-south-african-airline-as-selloff-continues
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HNA unloads shares of South African airline as selloff continues
HNA Group sold all its shares in South African airline Comair, the latest disposal by the debt-laden Chinese conglomerate. Comair disclosed the sale in an exchange filing on Thursday, though the statement didn’t provide details about when the shares changed hands and at what price. HNA had held 29m shares, or 6.2% of Comair, before the disposal, according to data compiled by Bloomberg. That stake would be valued at about $14m based on current market prices. Comair first disclosed to investors about HNA’s ownership in 2015.<br/>
