Shenzhen International to acquire 10% stake in Air China Cargo for $237m

Shenzhen International, an indirect wholly-owned subsidiary of Hong Kong-listed Shenzhen International Holdings, has agreed to acquire a 10 per cent stake in Beijing-based cargo airline giant Air China Cargo Co., Ltd for 1.57 billion yuan ($237 million), according to a company filing with The Stock Exchange of Hong Kong on November 9.