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China Southern will get a new investor



China Southern Airlines brings new investors because the largest Asian carrier is trying to meet the government's efforts to diversify and improve the ownership structure of state-owned enterprises.

Three new investors – Guangdong Hengjian Investment Holding, the Guangzhou Urban Construction Investment Group and the Shenzhen Penghang Equity Investment Fund – will each invest 10 billion yuan ($ 1.45 billion) in the airline, according to the Shanghai Stock Exchange on Sunday.

China Southern is one of 96 companies owned and managed by the central government.

Related: More state-owned enterprises are set up for mixed property reform


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