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HNA Group says sees no imminent changes to shareholding structure

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HNA Group says sees no imminent changes to shareholding structure

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HONG KONG (Reuters) – 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 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. HNA has “nothing to hide,” Wang Shuang, the group’s chief investment officer and CEO of its international unit, told a conference in Hong Kong. The conglomerate issued an open letter in July to disclose its shareholding structure because it was getting a lot of questions from different people about its ownership, he added. Wang said the group has committed to such disclosures on a regular basis.

(Reporting by Elzio Barreto and Julie Zhu; Additional reporting by Kane Wu; Editing by Edwina Gibbs)
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