HNA-Caissa to Raise Up to 8 Billion Yuan in Share Sale

  • Company to use funds to expand cruise, tourism businesses
  • Stock falls 10% after trading resumed following 6-month halt

HNA-Caissa Travel Group Co. plans to raise as much as 8 billion yuan ($1.2 billion) through a private share sale as the Chinese tourism and catering company seeks funds to expand its cruise and global-travel services.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.