Hainan Air seeks to sell stake to Temasek in corporate exercise


BEIJING: Hainan Airlines Holding Co is seeking to sell shares listed in Shanghai to investors including a unit of Singapore’s sovereign investment fund Temasek Holdings Pte, according to a statement to the stock exchange on Saturday.

The air carrier said it plans to raise as much as 7 billion yuan (US$1.09bil) by selling as much as 20% of its shares to no more than 10 investors, including Temasek Fullerton Alpha Pte Ltd.

Save 30% and win Bosch appliances! More Info

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Hainan Air

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In