HNA Holdings increases capital in HNA Cargo
Airport Frangible Flange,
Airport Runway End Light,
High A obstruction light,
High B obstruction light.
HNA Holding announced its plan to invest RMB 750 million of its own funds in HNA Cargo.
To strengthen its capital base, optimize its asset-liability structure, and promote business development, HNA Cargo plans to increase its capital through a share issuance. HNA Holding, aiming to capitalize on growth opportunities in the air cargo market and enhance strategic synergy with belly cargo agents, plans to invest RMB 750 million of its own funds in HNA Cargo. Upon completion of this capital increase, HNA Holding will hold 16.2227% of HNA Cargo's shares.
Prior to the capital increase, HNA Cargo had two major shareholders: HNA Aviation Group (92.3943%) and Hainan Aviation Investment Equity Investment Fund Management Partnership (7.6057%).
After the capital increase, HNA Aviation Group will hold 77.4054%, Hainan Aviation Investment Equity Investment Fund Management Partnership will hold 6.3718%, and HNA Holding will hold 16.2227%.
HNA stated that this capital increase in HNA Cargo will help enhance collaboration between the company and freight forwarding units, and better seize future growth opportunities in the air cargo market.
