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Virgin Australia to be 33% Chinese owned.
Friday, 24th June 2016
Source : Martin kelly

Chinese company Nanshan Group has bought 19.98% of Virgin Australia from shareholder Air New Zealand.

The acquisition comes just 10 days after another Chinese conglomerate, HNA Group, invested $159m into Virgin Australia for a 13% stake.

Combined, it means Chinese interests will own 33% of Virgin Australia when the deals settle.

Read the full story here.

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