Hainan Airlines Group (600221.SH) plans to increase capital by 750 million yuan for Hainan Cargo.

Financial news from the Wisdom Finance APP, Hainan Airlines Holdings (600221.SH) announced that Hainan Cargo Airlines Co., Ltd. (referred to as "Hainan Cargo") plans to increase capital and expand shares to enhance its capital strength, optimize its asset-liability structure, and promote its business development. In order to seize the growth opportunities in the air cargo market and enhance strategic coordination with belly cargo freight forwarder units, the company plans to increase its capital by 750 million yuan in Hainan Cargo Airlines with its own funds. After this capital increase is completed, the company will hold 16.2227% of the equity of Hainan Cargo Airlines.