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Chinese companies tightening hold on Virgin Australia in setback for SIA

COMING ON BOARD: If the deal is approved, Nanshan Group will hold almost as much as the other partners, making Virgin Australia's shareholding unique with four airlines as key supporters.


CHINESE companies strengthened their grip on Virgin Australia Holdings Ltd as a second conglomerate bought a stake in the carrier, handing a blow to key shareholder Singapore Airlines Ltd (SIA).

Nanshan Group will buy 811 million shares, or about 20 per cent of Australia's