Property News · October 13, 2017

HNA’s Kai Tak project receives US$93m capital injection from subsidiary


A subsidiary of HNA Group, Hong Kong International Construction Investment Management Group (HKCIM), has injected HK$728 million (US$93.24 million) into a land parcel owned by its parent at Kai Tak, the site of Hong Kong’s former airport.
HNA has splashed out a total HK$27.2 billion (US$3.48 billion) on four residential land parcels at Kai Tak through different subsidiaries during 2016, to grab a major stake in what is one of Hong Kong’s highest-profile new development projects, the…

Source : South China Morning Post
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