SpongeBob and the Teenage Mutant Ninja Turtles are coming to southern China, and today’s top story reveals the design firm tasked with bringing the cartoon characters to life in Foshan. Also showing up in the headlines of the day, Singapore’s… Read More>>
HNA Plans to Sell $6.5B Hilton Stake – Adds to $6.6B 2018 Fire Sale
Debt-ridden HNA Group is planning to sell a stake in hotel operator Hilton Worldwide Holdings worth as much as $6.5 billion, after the group shed shares in two Hilton spinoffs in March for $2.4 billion.
The Hainan-based group is selling… Read More>>
HNA Misses $1.4B Payday as Airline Service IPO Scrapped and More Asia Real Estate Headlines
A trio of mainland conglomerates are claiming the attention of market watchers today, with HNA leading the news with a missed attempt at a $1.4 billion IPO in Switzerland. The troubled investment firm’s tech counterpart looks to be in worse… Read More>>
HNA Sells $1.1B in Mainland Real Estate to R&F, Sunac
After disposing of $5.5 billion of overseas real estate and hotel company stakes since the start of 2018, cash-starved HNA Group has now sold eight properties in mainland China worth $1.1 billion so far this month, according to data from… Read More>>
HNA Made 90% Gain on Latest Hilton Stake Sale and More Asia Real Estate Headlines
HNA may be struggling to stay afloat, but China’s late debt drunkard can at least feel good that some of its investments have paid off, according to our lead story today. Plus the conglomerate apparently still has some credit on… Read More>>
HNA Sells Second Hilton Spin Off for $1.1B As Aviation Regulator Presses for Fuel Payment
Debt-wracked HNA Group is selling another Hilton spinoff for $1.1 billion, less than two weeks after it sold a $1.4 billion stake in Park Hotels & Resorts Inc. The mainland conglomerate is in desperate need of fresh cash as it… Read More>>
Sunac Buys Out Pair of HNA Hainan Projects for $300M as Fire Sale Rages
Chinese tycoon Sun Hongbin, who bailed out Wanda Group last year, is coming to the aid of a struggling mainland developer again. HNA Infrastructure Investment Group, a listed subsidiary of embattled HNA Group, said in two separate filings to the… Read More>>
Indebted HNA Teams Up with JLL Amid Restructuring Drive
Global real estate consultancy JLL is teaming up with HNA Group to advise the conglomerate on “sound investments,” as the indebted Chinese firm looks to sell up to $6 billion in overseas real estate assets.
The strategic partnership – announced… Read More>>
HNA Group Restructures Hotel Businesses, Plans Sale of Stake in 2nd Hilton Spin-Off
Hainan Airlines, the flagship carrier of HNA Group, will take over the group’s hotel business as part of an asset restructuring by the troubled Chinese conglomerate. Hainan Airlines announced in a filing to the Shanghai Stock Exchange that it would… Read More>>
HNA Group Sells Kai Tak Site to Hong Kong’s Wheelock for $811M
Cash-strapped HNA has grabbed another lifeline from a Hong Kong developer to help crawl its way out of debts estimated at $100 billion. In the latest attempt to bail out its balance sheet, the Hainan-based conglomerate agreed to sell one… Read More>>
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