Cheung Kong in talks to acquire Oasis HK Airlines: report

HONG KONG (MarketWatch) - Cheung Kong Holdings Ltd. is in talks to acquire failed carrier Oasis Hong Kong Airlines Ltd., which halted operations last week, according to a Chinese media report Monday. Cheung Kong, the property flagship of billionaire Li Ka-shing, has been holding talks with the provisional liquidator of the airline, the MingPao newspaper reported without citing its source. Oasis founder Raymond Lee reportedly pledged his 60% stake in the airline earlier this year as collateral for a HK$70 million ($9 million) personal loan from Cheung Kong that was used to help shore up the airline.
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