HNA chief steps into challenging role

Feng Chen becomes the sole chairman of HNA Group, overseeing the ongoing deleveraging of the conglomerate.

The abrupt death of Jian Wang in southern France has prompted his long-time business partner Feng Chen to take sole charge as chairman of HNA Group, the debt-saddled Chinese conglomerate that the two founded 25 years ago.

In a statement published on Friday, HNA Group said Chen will assume the duties of Wang, who died in a fall during a visit to Bonnieux, in the picturesque Luberon area of France.

The company will continue under the leadership of Chen and chief executive officer Adam Tan, HNA said in the statement.

For credit investors in HNA, the ...

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