HNA in focus after abandoning Value Partners bid

The aborted bid delivers blow to the acquisitive, debt-heavy Chinese powerhouse after a difficult few weeks in which markets have fretted over its finances.

HNA in focus after abandoning Value Partners bid

HNA Group has withdrawn its bid to acquire a majority stake in Hong Kong’s largest hedge fund, Value Partners, dealing a blow to its quest to become one of the world's largest companies as liquidity concerns waft over the highly acquisitive, debt-heavy Chinese conglomerate.

Value Partners, which has a market value of $2 billion, said in a regulatory filing on Thursday that the termination was due to “commercial considerations” among the parties...

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