November 29, 2018
Bloomberg News reports HNA Group Co. is putting more of its aviation and property assets on the block, marketing more than $40 billion of domestic and international holdings as the Chinese conglomerate races to reduce its debt load.
Updated lists sent to potential buyers and seen by Bloomberg News included more than 90 assets in China, the U.S. and U.K. Among the additions: The airline leasing business purchased from CIT Group Inc. for more than $10 billion, and a 459-hectare artificial island project in Hainan, southern China, valued by HNA at 21.2 billion yuan ($3.1 billion).
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