Biography of the sale of commercial projects in London

In recent years, Hainan Airlines Group has made overseas mergers and acquisitions, with the value of assets acquired in the first seven months of 1997 alone exceeding US $ 22 billion (about HK $ 171.6 billion). However, despite the recent strategic shift of HNA, management admitted that the Group had liquidity problems and said it would expedite the sale of global assets. In addition to selling the One York office building in Australia for A $ 205 million (about HK $ 1.26 billion) last month and the current sale Two Kai Tak outside the city pass HNA Group is in the process of dealing with London Canary Wharf project and other assets.

London Canary Wharf project passed into another sale of HNA.

Alternative Investment Fund into the standard

Bloomberg quoted sources as saying that HNA Group is in the process of bidding for two office buildings in Canary Wharf, including Alternative Investment Fund Brookfield Asset Management. The fund also considers acquiring other properties in the HNA Group’s global portfolio.

Proposed sale of Spanish hotel shares

HNA also announced earlier that it has hired investment banks such as JP Morgan Chase to seek to sell its 29.5% stake in the Spanish hotel group NH Hotel Group for a market capitalization of approximately 628 million euros (about HK $ 6.06 billion).

In fact, when CEO Tan Xiangdong interviewed the media in December last year, HNA also said that HNA is selling related assets acquired in the real estate sector and cleaning up some enterprises that are not related to the main business.

Tan Xiangdong said the group is negotiating to sell some of its real estate assets in New York, Sydney and Hong Kong. It is also actively promoting the establishment of investment funds to sell these plots to outside investors.

Chen Feng, chairman of HNA Board of Directors earlier accepted an interview with foreign media admitted that the existence of Hainan Airlines liquidity problem is due to the company’s large number of mergers and acquisitions, and the Federal Reserve to raise interest rates and the Mainland caused by the deleveraging of liquidity tensions, but also many Chinese enterprises Faced with the end of last year, but Hainan Airlines have the confidence to cross the storm.

Chen Feng also said that HNA is now focusing more on the business of integrating departments so that domestic and foreign resources have a synergistic effect.