HNA Group Co, one of the most acquisitive Chinese buyers of overseas assets, expects no changes to its shareholding structure in the near future, the head of the conglomerate’s international unit said on Friday.
HNA has been in the spotlight together with other Chinese conglomerates for the billions of dollars they have splashed on marquee real estate properties and global brands, as Beijing cracks downs on what it deems excessive deals.
It has also faced questions over its shareholding structure and debt.
“The reason why HNA group tries to be transparent is because we have nothing to hide. Transparency is the best policy,” Wang Shuang, the group’s chief investment officer and CEO of its international unit, told the AmCham China Conference.
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