Hainan Airlines cuts share prices to pay debts

Hainan Airlines 737-800. By Rob Finlayson Hainan Airlines (HU) has reduced the price of its additional share offerings from CNY6.42 per share in the Shanghai Stock Exchange to CNY4.84 per share to raise CNY8 billion ($1.28 billion) to pay off a bank loan of CNY6.08 billion and increase its cash flow...

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