Taiwan's China Airlines acquired a 25% stake in China's Yangtze River Express Airlines. CAL Chairman Philip Wei attended a share transfer ceremony yesterday in Beijing finalizing the company's acquisition of shares in Yangtze River. The deal was valued at $38.7 million, according to media reports. Total share transfer among four investors was for 49%. Other partners include Yang Ming Marine Transport Corp., which holds a 12% stake; Wan Hai Lines with 6%, and China Container Express Lines ...

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