Grand China May Take Hainan Air Private

Grand China Airlines may take its Hainan Airlines unit private before floating its own shares in Hong Kong next year, Caijing Magazine said on Monday.

Grand China Air, which replaced billionaire George Soros as the biggest shareholder in Hainan via a private share placement in June, is considering buying out the publicly traded shares of the unit, the semi-official magazine said, citing unidentified sources.

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