Reuters logo
China's HNA says it is not selling assets "blindly"
December 8, 2017 / 2:49 AM / in 5 days

China's HNA says it is not selling assets "blindly"

HONG KONG, Dec 8 (Reuters) - Chinese conglomerate HNA Group is not selling assets “blindly” and has no plans to sell its stakes in Deutsche Bank or Hilton Worldwide in the near future, a senior executive told Reuters on Friday.

Zhao Quan, a board member of HNA Group, said in a telephone interview the conglomerate was adjusting its portfolio and recent asset sales had nothing to do with liquidity.

The news comes against the backdrop of a slew of repayment obligations and concerns about rising financing costs at the indebted airline-to-property conglomerate. (Reporting By Matthew Miller and Julie Zhu; Editing by Anne Marie Roantree and Muralikumar Anantharaman)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below