Jizhong Energy Resources has bought Hebei Aviation Investment Group's 15 percent stake in Xiamen Airlines for 1.9 billion yuan ($307.8 million), Xiamen's parent company, China Southern Airlines, said late on Wednesday.

China Southern retains a 51 percent stake in Xiamen Airlines, while Xiamen C&D Corporation Ltd owns 34 percent.

Jizhong's Shenzhen-listed shares and China Southern's Shanghai shares each shed 0.5 percent on Wednesday. China Southern's Hong Kong stock slipped 1.5 percent on Monday.

Hong Kong markets have been closed since mid day on Monday for the Christmas holiday, and will resume trading on Thursday.

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