Caixin
Oct 16, 2018 08:35 PM
BUSINESS & TECH

HNA Shareholders Shoot Down Beijing Office Sale

An HNA Group office building in Beijing on May 4. Photo: IC
An HNA Group office building in Beijing on May 4. Photo: IC

Disgruntled shareholders of HNA Group Co. Ltd. have vetoed the embattled conglomerate’s 1.3 billion yuan ($190 million) deal to sell a downtown Beijing building to lighten its debt load.

That followed a killed deal in September, when subsidiary HNA Technology Co. Ltd. said it would not pursue a 7.5 billion yuan plan to acquire e-commerce site Dangdang Inc.

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