Hainan Airport Infrastructure's (SHA:600515) subsidiary, Danzhou Island Linkong Investment, plans to own 11% of Hainan Construction Engineering's unit, Haijian Real Estate, through the subscription of new shares, according to a Shanghai Stock Exchange disclosure on Saturday.
Haijian Real Estate is a real estate and urban land developer.
Danzhou Island will raise Haijian Real Estate's capital by almost 13 million yuan.
After the transaction, the real estate company's capital will rise to 113.8 million yuan from 100.8 million yuan.
The company's shares slipped 2% in recent trade.
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