HNA accelerates wind-down of overseas business

After the death of its co-chairman in July, HNA Group continues to downsize its overseas empire. Senior executives have left the company and some of its Hong Kong subsidiaries have closed.

HNA accelerates wind-down of overseas business

The rate at which HNA Group is downsizing its overseas empire has sped up since the death of its co-chairman Jian Wang in July. Subsidiaries of the private Chinese conglomerate have even started to sell recently acquired overseas assets to a bid to avoid insolvency. And the sale of more of its assets continues as senior executives continue to leave. 

One recent sale highlights HNA’s desperation. On November 19, BrightSphere...

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