HNA Holding Subsidiary Plans to Sell 80% Stake in HNA Resource Recycling for 44 Million Yuan

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2▲0 ▼0Impact / 5
Summary · why it matters

HNA Holding announced that its controlling subsidiary, Hainan Airlines Import and Export Trading Company, plans to transfer its 80% stake in Chongqing HNA Aviation Resource Recycling Company to Chongqing Fangda Aviation International Headquarters Company, with a transaction amount of 44.00224 million yuan. After the transaction, HNA Resource Recycling will no longer be included in the company's consolidated financial statements.

Impact on assets 1

Others▲ · 1 stocks
Hainan Airlines Co Ltd A
600221
± MixedCapitalrelevance

HNA Holding's subsidiary plans to sell stake, but impact on Hainan Airlines is indirect and unclear.

Off-coverage companies 3

海南航空进出口贸易有限公司Private▼ Negative
Capitalrelevance

Selling its stake in the recycling subsidiary.

重庆方大航空国际总部有限公司Private▲ Positive
Capitalrelevance

Acquiring 80% stake in recycling company.

重庆海航航空资源循环利用有限公司Private▼ Negative
Capitalrelevance

Company will be sold, losing control and consolidation.

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