Hidden Hill Capital has made a RMB 745 million ($113.7 million) private equity investment in China Southern Airlines Cargo Logistics (Guangzhou) Co., a subsidiary of China Southern Airlines Co.
China Southern Airlines is an aviation company in China and the operator of the company’s freight business, China Southern Airlines Logistics, which provides cargo services to 243 destinations in 44 countries and regions through more than 3,000 flights a day. China Southern Airlines sought out private and foreign investment for its cargo business, China Southern Airlines Logistics, as part of the mixed-ownership reform pilot.
Following the investment from Hidden Hill Capital, China Southern Logistics will have a more diversified ownership structure and improved corporate governance as it transforms into a modern, integrated logistics service provider.
Higashi Michihiro, chief strategy officer of GLP China and chairman and managing partner of Hidden Hill Capital, said, â
