Privately owned JuneYao Group Co. Ltd. is gearing up to sell its stake in one of China's 'big three' state-owned carriers as the Shanghai-based conglomerate tiptoes into the capital-intensive new-energy vehicle (NEV) manufacturing sector to diversify its businesses. The news was disclosed in a Shanghai stock exchange filing dated Wednesday by China Eastern Airlines Co. Ltd. (600115.SH), according to which JuneYao — which runs businesses from aviation and consumer retail to financial services and education — is planning to offload all of its 155.

https://www.caixinglobal.com/2023-08-11/juneyao-group-to-offload-remaining-stake-in-china-eastern-102092388.html

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