more than intends to divest its real estate projects

-Reporter Wang Jin with the adjustment of national macro-policy and regulation of real estate, Hainan Airlines (600,221) more than intends to divest its real estate projects, total transfer price is approximately $ 4.575 billion. Notice of Hainan Airlines, in order to evade the management risk, improving the ability to control the investment risk, the company proposed to be held by the Hainan Airlines international tourism development and construction of the island (Group)Limited 33.33% of equity transfer to Grand China Airlines holding company shareholders, the transfer price is $ 1.6 billion. It is learned that the island-building was established in October 2010, registered capital of RMB 4.5 billion, scope of business to business, investment and management of hotel and golf course, 60% per cent of the registered capital of Hainan Airlines Group, Hainan Airlines registered capital33.33%, Hainan Airlines capital holdings limited with registered capital of 6.67%. At the same time, Hainan Airlines intends to Hainan Airlines Asahi industries limited of ROC industries limited, Hainan and good industry limited company of 3 companies of Hainan State equity transfer to Grand China air, the transfer price total of 2.727 billion yuan. Hainan Airlines, with the adjustment of national macro-policyAnd the regulation of real estate, the company has no real estate development qualification, nor development plans in the near future, transfers to avoid operating risk, improving the ability to control the investment risk. Also under the influence of real estate policies, Hainan Airlines to be held by Baron Qionghai development company 100% equity transfer to Hainan Airlines HNA investment real estate holdings (Holdings) Limited (the companyControlled by the Hainan Airlines Group), the transfer price is $ 156 million. Hainan Airlines subsidiary Chang ' an airlines company-owned Shaanxi huxian County land, because of its business development there is greater uncertainty, in order to evade the management risk the old republic power leveling, Chang ' an airlines intends to hold Hu County of Shaanxi Province 29,0008.40 square meters of land use rights transfer to Xian air real estateLimited liability company (its controlling shareholder, the Hainan Airlines Group control), the transfer price of $ 92 million.