U.S. financier George Soros may invest another $25 million in Hainan Airlines Co., part of a plan to reorganize China's fourth-largest carrier, fund acquisitions and growth, three company executives said.
Soros, who paid about $24 million in 1995 for 14.8 percent of Hainan Airlines, may sign the investment agreement during a visit this weekend to the carrier on southern China's Hainan island, said the officials who declined to give their names or additional details. Michael Vachon, communications director of New York-based Soros Fund Management Llc, declined to comment.
http://www.bloomberg.com/apps/news?pid=10000080&sid=aLIaIMvL8H4w
Soros, who paid about $24 million in 1995 for 14.8 percent of Hainan Airlines, may sign the investment agreement during a visit this weekend to the carrier on southern China's Hainan island, said the officials who declined to give their names or additional details. Michael Vachon, communications director of New York-based Soros Fund Management Llc, declined to comment.
http://www.bloomberg.com/apps/news?pid=10000080&sid=aLIaIMvL8H4w
