Property News · October 16, 2018

Shareholders who vetoed HNA unit’s sale of Beijing office building to China Vanke want ‘better deal’


Shareholders who rejected a plan by troubled HNA Group’s flagship airline to sell a Beijing office block as part of its efforts to reduce a mountain of debt said they are hoping for a better deal.
They voted overwhelmingly on Friday to pull the plug on Hainan Airlines Holding’s sale of the Beijing HNA Plaza for 1.299 billion yuan (US$190 million) to property giant China Vanke. The shock result was the first time one of embattled HNA Group’s many recent fire sales has been…

Source : South China Morning Post
Read more…Shareholders who vetoed HNA unit’s sale of Beijing office building to China Vanke want ‘better deal’