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Air China becomes majority shareholder in Shandong Airlines

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Air China becomes majority shareholder in Shandong Airlines

Air China has become the majority shareholder in Shandong Airlines parent company after an equity purchase and capital injection. In a deal worth $4.77million Air China has brough the shares of two investors in Shandong Aviation Group (SAG), hansteel Financial Holdings, 1.4% and Qingdao Qifa 0.9%. W...

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