Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Hainan Airlines Buys 80% Stake in Finance Information Portal

The Paper, 3/07/17

Hainan Airlines Group's (900945.SH) investment firm HNA Capital Group has acquired an 80% stake in Beijing-based Lianban Cultural Media Company, operator of business news site, according to information from China's national company registry. The deal received approval from regulators on December 12, 2016.

Lianban Wenhua Chuanmei's 68.2% stake in Lianban Cultural Media Company will shrink to 10.91% once the transaction is complete. Yingda Chuanmei Investment Group, a subsidiary of the State Grid Corporation of China, will preserve its 9.09% stake, while Beijing Ronglian will completely surrender its original 22.7% stake.

Keywords: online information service Hainan Airlines Internet portal Caijing State Grid Lianban Ronglian 900945.SH HNA Capital M&A


Please note, all fields are required.
None of your personal information will be shared with third parties.


Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports