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China Southern Airlines’ subsidiary announces restructuring

Abstract : China Southern Airlines General Aviation Limited announced ownership restructuring on Thursday as the country pushes mixed-ownership reform of state-owned enterprises (SOEs).

BEIJING, Nov. 26 (Xinhua) — China Southern Airlines General Aviation Limited announced ownership restructuring on Thursday as the country pushes mixed-ownership reform of state-owned enterprises (SOEs).

A subsidiary of China Southern Airlines, a major carrier of the country, the company has introduced three investment entities as its stockholders, including a fund established last year to push mixed-ownership reform of SOEs.

After the restructuring, the registered capital of China Southern Airlines General Aviation Limited would increase to 1.34 billion yuan (204 million U.S. dollars) from 1 billion yuan.

China Southern Airlines Company Limited will continue to hold a controlling stake in the company.

China has been pushing mixed-ownership reform of SOEs to encourage market operations and enhance efficiency. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: China Southern Airlines’ subsidiary announces restructuring

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