Hainan Airlines: Grand China Air completes selldown plan, selling 3.96 million shares

NBD AI Bulletin - Hainan Airlines Holding Co., Ltd. ("the Company", SH 600221, closing price: 1.61 yuan) announced on December 1 that the Company's shareholder Grand China Air Co., Ltd. has completed its selldown plan, with around 3.96 million shares, or 0.0235% of the Company's total shares, being offloaded at a price of between 1.48 yuan/share and 1.89 yuan/share.

According to the 2019 annual report, Hainan Airlines Holding Co., Ltd.'s main sources of revenue come from passenger transportation, freight and excess baggage, other businesses, accounting for 88.88%, 3.42%, and 0.33%, respectively.

Hainan Airlines Holding Co., Ltd.'s chairman is Xu Jun, male, 49 years old, graduated from Tianjin University of Technology. Hainan Airlines Holding Co., Ltd.'s president is Ma Zhimin, male, 46 years old, graduated from the Civil Aviation University of China, MBA holder.

Tips on "Stock Trends":

1. The number of shares held by northbound investors increased by 8.3589 million in the past 30 days, representing 0.06% of the Company's circulating shares.

2. There was no institutional research on the Company in the past 30 days. 

3. The last share selldown announcement of the Company was issued on June 30, 2020, with shares rising 2.67% the next trading day. The Company issued a total of 9 such announcements in the past 12 months. 

(By Lan Suying)

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