HNA Group: Subsidiary Shanxi Airlines has completed the disposal of its shares in the Bank of Shanghai, with a total repayment of approximately 349 million yuan.

date
12/07/2025
Hainan Airlines Group announced that its subsidiary Shanxi Airlines has sold 34,753,638 shares of Bank of Shanghai through the secondary market, with proceeds of approximately 349 million yuan. Shanxi Airlines invested in Bank of Shanghai in 2014, with an initial investment cost of 141 million yuan. As of March 31, 2025, the book value of the stock was 290 million yuan.