On November 10, 2022, China Southern Airlines Company Limited closed the transaction. The company issued 803,571,428 shares at a price of CNY 5.60 per share for gross proceeds of CNY 4,499,999,996.80 in the transaction. The company incurred issuance expenses in the trasnaction as - CNY 1,698,113.21 for underwriting & sponsorship, CNY 369,811.32 for legal , CNY 141,509.43 for audit, CNY 500,336.93 for share registration, and CNY 1,124,322.56 for taxes.

The transaction included participation from China Southern Air Holding Company Limited, increasing its holdings from 8,600,897,508 shares and 67.87% stake to 9,404,468,936 shares and 69.78% stake. Post closing, the registered capital of the company will increase from CNY 17,317,318,367 to CNY 18,120,889,795.