CHINA: Shenzhen Air may seek stock exchange listing

Shenzhen Airlines may seek a full or partial listing in Hong Kong or Shanghai to provide more capital for expansion, the South China Morning Post reported. “We have plans to list the company wholly or partially and will get it done quickly if it is needed,” chief executive Li Kun said. Li said he expected […]


capital for expansion Li Kun Shenzhen Air US$29 million profit


Shenzhen Airlines may seek a full or partial listing in Hong Kong or Shanghai to provide more capital for expansion, the South China Morning Post reported. “We have plans to list the company wholly or partially and will get it done quickly if it is needed,” chief executive Li Kun said. Li said he expected the airline to be profitable this year. Shenzhen Airlines posted a profit of more than US$29 million for the first four months of the year, following a US$4.09 million profit in 2008.