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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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Original post by Forextvblog

This entry was posted on Sunday, April 13th, 2008 at 10:20 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Cheung Kong in talks to acquire Oasis HK Airlines: report”

  1. Cheung Kong in talks to acquire Oasis HK Airlines: report Says:
    April 13th, 2008 at 11:58 pm

    […] TopForex.info wrote an interesting post today onHere’s a quick excerptCheung Kong in talks to acquire Oasis HK Airlines: report April 13th, 2008 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 re […]

  2. Forex » Cheung Kong in talks to acquire Oasis HK Airlines: report Says:
    April 14th, 2008 at 12:54 am

    […] TopForex.info wrote an interesting post today onHere’s a quick excerptCheung Kong in talks to acquire Oasis HK Airlines: report April 13th, 2008 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 re […]

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