Shandong Aviation Group Co., Ltd. announced a private placement of shares on June 14, 2022. The transaction will include participation from returning investor Air China Limited for CNY 660,000,000 for not less than 66% stake, and Shandong Hi-speed Group Co.,Ltd for CNY 340,000,000 for a total of 34% stake in the transaction.
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- Shandong Aviation Group Co., Ltd. announced that it expects to receive funding from Air China Limited, Shandong Hi-speed Group Co.,Ltd