May 26, 2017 / 6:31 AM / 2 months ago

BRIEF-H.I.S. sub-unit to issue new shares to Sky Cruiser Holding and Aerolance

1 Min Read

May 26 (Reuters) - H.I.S. Co Ltd:

* Says its sub-unit, ASIA ATLANTIC AIRLINES Co Ltd (88.0 percent owned by H.I.S. group), will issue 53,000 new shares to Sky Cruiser Holding Co Ltd and Aerolance Co Ltd through private placement, in early June

* Says H.I.S. group's stake in ASIA ATLANTIC AIRLINES will be diluted to 28.2 percent after the transaction

Source text in Japanese: goo.gl/MRTvzI

Further company coverage: (Beijing Headline News)

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