China Southern Airlines says to sell $200 mln shares to American Airlines

HONG KONG, March 28 (Reuters) - China Southern Airlines Co

Ltd said on Tuesday it would issue HK$1.55

billion ($199.6 million) worth of shares to a wholly-owned

subsidiary of American Airlines Group Inc., raising funds

for general working capital.

The Chinese carrier will issue 270.61 million H-shares,

representing 2.68 percent of the enlarged share capital of the

airline, it said in a filing to the Hong Kong bourse.

The shares will be issued at HK$5.74 apiece, or at a 4.6

percent premium to the previous close.

($1 = 7.7676 Hong Kong dollars)

(Reporting by Donny Kwok; Editing by Shri Navaratnam)