Shenzhen Airlines has put Huirun Investment Co.’s 24% stake open for bid as part of Huirun’s court-ordered bankruptcy liquidation. According to the Shenzhen Guangpeng Accounting Firm, Huirun had total debt of CNY4.01 billion ($608.2 million), while its total capital was worth CNY1 billion, prompting a Shenzhen local court to rule that its 24% stake in the Shenzhen-based carrier must be sold to pay off its debts. Huirun owner Li Zeyuan was arrested for unspecified economic ...

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