Chongqing Yufu Assets Management Co., Ltd. signed agreement to acquire an additional unknown majority stake in West Air Co., Ltd. from Hainan Airlines Holding Co.,Ltd..
Chongqing Yufu Assets Management Co., Ltd. signed agreement to acquire an additional unknown majority stake in West Air Co., Ltd. from Hainan Airlines Holding Co.,Ltd. (SHSE:900945) on December 2, 2019. Chongqing Yufu Assets Management will own 70% post completion. Hainan Airlines will continue to own a minority stake. It currently owns 84%.