The Financial Associated Press, September 12, the HNA Group’s restructuring has finally ushered in substantial progress. The two listed companies of HNA Holdings in its two major business sectors (aviation and airport), HNA Foundation issued announcements and announced the progress of strategic investor recruitment. .
*ST HNA announced that at present, the manager has determined that the strategic investor in the main aviation industry of HNA Group is Liaoning Fangda Group Industrial Co., Ltd. If the investment is completed, the strategic investor may become the company’s controlling shareholder.
*ST Basic Announcement stated that, at present, the manager has identified the strategic investor in the airport sector of HNA Group as Hainan Development Holdings Co., Ltd. If the investment is completed, the strategic investor may become the controlling shareholder of the company.
According to the Financial Associated Press, Liaoning Fangda Group Industrial Co., Ltd. is a large-scale enterprise group with strong international competitiveness in the four sectors of carbon, steel, medicine, and commerce.
Now it has four listed companies:
Large carbon (600516)
Fangda Special Steel (600507)
Northeast Pharmaceutical (000597)
ZTE Commercial (000715)
In addition, Fangda previously established Hainan Airlines Development Co., Ltd. It was jointly funded and established by Liaoning Fangda Group Industrial Co., Ltd. (Fangda Group) and its 4 affiliated companies.
Image source: Tianyancha* ST-based strategic investor-Hainan Development Holdings Co., Ltd. is a state-owned enterprise under Hainan Province.
Picture source: Tianyancha In addition, the reorganization of other listed companies under the HNA Group, such as Supply and Marketing Daji, has not made substantial progress.
It is also worth noting that according to incomplete statistics, HNA Group’s debt is at least US$187 billion, or approximately RMB 1.2 trillion.
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