China Southern mixed ownership plan uncertain

State-owned China Southern Airlines denied immediate plans to bring other major shareholders into the company on Wednesday - hard on the heels of reports the previous day of a mixed ownership plan which pushed the stock price up 7.38 percent.

The company made a statement saying parent company China Southern Air Holding Co has been exploring ways to push forward with the mixed ownership reform. Yet so far it has failed to come up with specific plans.

The airline's shares fell 0.35 percent to close at 7.36 yuan ($1.06) per share on Wednesday.