|Bid||2.2200 x 0|
|Ask||2.2300 x 0|
|Day's Range||2.2100 - 2.2700|
|52 Week Range||1.2000 - 2.5900|
|Beta (5Y Monthly)||0.38|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 29, 2021 - Nov 02, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 31, 2018|
|1y Target Est||N/A|
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Shares in Hainan Airlines, the flagship carrier of embattled Chinese conglomerate HNA Group, rose as much as 5% on Monday, its maximum level allowed for the day, after it gave an update on its restructuring plans. Sources told Reuters on Monday that China's HNA Group will receive strategic investment of 38 billion yuan ($5.9 billion) after its restructuring, which will go to eleven of its entities including its flagship carrier Hainan Airlines. Hainan Airlines said in a separate statement on Monday that it would use funds from strategic investors and future operating income to repay debts.
China's HNA Group will receive strategic investment of 38 billion yuan ($5.88 billion) after its restructuring, which will go to eleven of its entities including its flagship carrier Hainan Airlines, two sources told Reuters on Monday. Gu Gang, the group's party secretary and leader of the government-led working group addressing HNA's liquidity issues, disclosed the investment at a meeting of its creditors, the two sources who were familiar with the meeting's discussions said.
The parent of Hainan Airlines looks set to emerge from bankruptcy after its top executives were arrested and the Chinese state stepped in.