China's Xiamen Airlines set for $610mn recapitalisation

Xiamen Airlines (MF, Xiamen) is set to be recapitalised after its three shareholders agreed to inject CNY4 billion yuan (USD610.7 million). A stock market filing said China Southern Airlines, Xiamen C&D Corp., and the Fujian Province Investment and Development Group Co. would contribute CNY2.2 billion (USD335.9 million), CNY1.36 billion (USD207.6 million), and CNY440 million (USD67.2 million) respectively. Despite the injection, their shareholdings in Xiamen Airlines will remain unchanged at approximately 55%, 34%, and 11% each....
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