China Southern will purchase an additional 4% stake in subsidiary Xiamen Airlines for CNY627 million ($97.7 million) to enhance the synergy between the two carriers. China Southern currently holds a 51% stake in Xiamen while Xiamen Construction & Development Co. holds 34% ownership and Jizhong Energy Group holds the remaining 15%. According to a statement released by China Southern, Jizhong Energy Group is expected to transfer its 15% stake in Xiamen Airlines to Xiamen Construction ...

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