China’s HNA Group is expected to make an investment of A$159 million ($114 million) to buy a 13% stake in Virgin Australia for A$0.3 per share in an effort to enhance its position in the fast growing Sino-Australia market. HNA Group would nominate a director to the Virgin Australia Group board after the deal is complete at the end of June. The deal still needs approval from Chinese aviation authorities and Australian Competition and Consumer Commission. In addition to equity ...

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