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HNA Holding Group Co Ltd (0521.HK)

0521.HK on Hong Kong Stock

0.28HKD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Old Mutual sells minority stake in U.S. fund arm to China's HNA
Monday, 27 Mar 2017 02:12am EDT 

Old Mutual Plc : Old Mutual to sell stake in OMAM to HNA Capital US . Old Mutual Plc agrees to sell a minority stake in OMAM to HNA Capital US . Two-Step transaction for gross cash consideration of approximately $446 million . Transaction comprises a sale of a 9.95 pct tranche of OMAM shares held by Old Mutual at a price of $15.30 per share . Following transaction, Old Mutual's shareholding will reduce from 50.8 pct to 25.9 pct . Sale of a further 15 pct held by Old Mutual at a price of $15.75 per share . Completion of first tranche is subject to antitrust clearance under Hart-Scott-Rodino act in US . Expected to take place in approximately 30 days . Completion is expected to take place in second half of 2017 . Old mutual will use proceeds from transaction for general corporate purposes .Bank of America Merrill Lynch and Evercore acted as joint financial advisors For full story, click on: [nL5N1H30EK].  Full Article

HNA extends acceptance period for Rezidor bid until April 7
Friday, 24 Mar 2017 10:00am EDT 

Hna Group Co Ltd : HNA announces a second extension of the acceptance period in respect of the offer to the shareholders in Rezidor .Says HNA Sweden is further extending acceptance period until 7 April 2017.  Full Article

HNA Holding Group enters subscription agreement and management agreement<0521.HK>
Monday, 15 Aug 2016 09:10am EDT 

HNA Holding Group Co Ltd <0521.HK>: Connected transaction entering into a subscription agreement and management agreement in relation to the purchase of interest in a limited partnership as a limited partner <0521.HK> . Haihang Shiye, a wholly-owned subsidiary of co entered into the subscription agreement with the limited partner and the general partner . Haihang Shiye has agreed to make a capital commitment to the limited partnership of up to USD20 million under the subscription agreement . Says co entered into management agreement with the limited partner and the general partner .  Full Article

Air France-KLM CFO expects Servair deal to close in Oct or Nov
Wednesday, 27 Jul 2016 03:07am EDT 

Air France-KLM CFO in call with analysts: says confident can deliver further unit cost reduction over the next quarters . says not seen any change to pricing behaviour in industry following Brexit vote . says expects to be able to close Servair transaction in Oct or Nov Further company coverage: [AIRF.PA] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

HNA Group says settlement of offer for Gategroup expected at end of Q3/beginning of Q4
Wednesday, 27 Jul 2016 01:17am EDT 

HNA Group Co Ltd : pubishes definitive notice of final result of public tender offer for Gategroup Holding . Says 95.32 percent of all listed Gategroup shares have been tendered to HNA Group . Says settlement of offer expected at end of 3rd quarter/beginning of 4th quarter 2016 . HNA confirms intention to delist Gategroup after settlement Further company coverage: [GATE.S] (Reporting By Zurich newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

HNA International Investment enters Letter of Intent<0521.HK>
Wednesday, 22 Jun 2016 05:51am EDT 

HNA International Investment Holdings Ltd <0521.HK>: Company has recently, as the intended purchaser, entered into a Letter Of Intent . Consideration for potential acquisition is approximately HK$1 billion to HK$1.1 billion .  Full Article

HNA International Investment enters into cooperation agreement with China Securities(International) Finance Holding<0521.HK>
Thursday, 16 Jun 2016 12:15am EDT 

HNA International Investment Holdings Ltd <0521.HK>: Entered into cooperation framework agreement with China securities(international) finance holding co . Says scale of the investment funds is proposed to be hk$20 billion .  Full Article

Shougang Concord Technology Holdings Ltd announces Wang Hao step down as chairman
Tuesday, 28 Jul 2015 10:57am EDT 

Shougang Concord Technology Holdings Ltd:Says Wang Hao has stepped down as Chairman of the Board and chairman of Executive Committee, chairman of the Nomination Committee, chairman of Investment Committee and member of Remuneration Committee, but remains as Executive Director and Chief Executive Officer.  Full Article

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China's HNA offers to buy Singapore's CWT for $1 billion

HONG KONG China's HNA Holding Group Co. said it would make an offer to acquire Singapore-listed logistics firm CWT Ltd for $1 billion.