Hainan Airlines cuts share prices to pay debts
Posted 31/01/2012
Hainan Airlines (HU) has reduced the price of its additional share offerings from CNY6.42 per share in the Shanghai Stock Exchange to CNY4.84 per share to raise CNY8 billion ($1.28 billion) to pay off a bank loan of CNY6.08 billion and increase its cash flow.
Originally published 30 Jan 2012 at: http://feeds.atwonline.com/~r/AtwDailyNews/~3/DQkGlYf7t4o/hainan-airlines-cuts-share-prices-pay-debts-0130
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