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Bloomberg: Singapore overpaid for Hainan Airlines
An honorable member of the Coffee Shop Has Just Posted the Following:
Is there any valuation at which Temasek Holdings Pte could buy into Hainan Airlines Holding Co. at a decent price? Considering the indebtedness of China’s most highly rated carrier, it’s hard to think of one. Hainan Air’s shares have been suspended for six months while controlling shareholder HNA Group Ltd. is in intensive care. But the 7 billion yuan ($1.1 billion) valuation for a 20 percent stake to a group including a Temasek-owned fund gives you a decent idea of what it might be worth.... Bloomberg: Singapore overpaid for Hainan Airlines Click here to view the whole thread at www.sammyboy.com. |
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