Jiaxin Investment Management cuts its stake in Hainan Airlines for the second time
Hainan Airlines announced its fourth largest shareholder, Hainan Jiaxin Investment Management Co, reduced its stake in the carrier by 2.25% to 1.61%, selling up to 80 million shares for CNY5.63 per share on 10-Jul-2009. Jiaxin, which is owned by employees of HNA Group, the parent of Hainan Airlines, currently holds approximately 57 million negotiable shares in Hainan Airlines.
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