FilingReader Intelligence

HNA holding equity change triggered by share repurchase

February 24, 2025 at 05:01 PM UTCBy FilingReader AI

Hainan Airlines Holding announced that the shareholding of its indirect controlling shareholder, HNA Aviation Group, and its concerted parties, has increased by 1%, now totaling 43.36% of shares outstanding. This change was triggered by HNA's wholly-owned subsidiary, Hainan Hang Nong Investment, repurchasing shares from creditor Anlong (Tianjin) Aviation Leasing, fulfilling an agreement related to debt-to-equity swap shares. Specifically, Hainan Hang Nong Investment acquired 161,887,877 shares or 0.37% of the total share capital between May 28, 2024, and February 21, 2025. The repurchase plan is ongoing and HNA will continue to disclose developments. The company clarifies the move will not cause changes to the controlling shareholder or ultimate control of the firm.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:600221Shanghai Stock Exchange
Airlines

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