The president of the Chinese group HNA Wang Jian dies of 15 meters of fall while posing for the photo in France

Key points:

• Wang was in charge of business strategy and daily operations
• HNA was forced to sell badets because of increased pressure from Beijing [19659009] Wang Jian, co-founder of the company, suffered "serious injuries" during a fall in Provence in the south of France and died Tuesday at the age of 57 , said an HNA group.

  Wang fell 15 meters from a wall in the village of Bonnieux, near Avignon, a picturesque region very popular with tourists, told Reuters Lieutenant-Colonel Hubert Meriaux of the Gendarmerie of Vaucluse .

  "He was standing on the edge of a steep drop to get his family to take a picture of him and fell," he said.

  
  
  Photo:
  HNA was forced to sell badets due to increased pressure from Beijing. (AP: Andy Wong)
  

  Launched in 1993 on the island of Hainan to the south, HNA has expanded to finance, hospitality, logistics and tourism. Other companies in a global multi-billion dollar acquisition spree. sell badets as Chinese regulators tighten loan controls and urge companies to curb their debt.

  Wang, 57, is considered the architect of a $ 50 billion acquisition spree that allowed HNA to accumulate badets. Bank AG also holds a 19% stake in Virgin Australia Holdings, which operates Virgin Australia's popular airlines.

  First-rate badets to reduce debt, including stakes in companies such as Hilton Worldwide Holdings Inc., Park Hotels & Resorts and NH Hotels in Spain

  Earlier this week, HNA was also forced to terminate $ 400 million with Austra. The Automative Holdings Group of lia for its cold logistics and its transportation branch, AHG citing HNA cash flow options as the cause of the outage.

  
  
  photo:
  HNA holds a significant stake in Virgin Australia Airlines. (AAP: Dean Lewins)
  

  Wang was in charge of the HNA strategy and ran the day-to-day operations, sources close to the case said, while co-founder and co-founder Chen Feng was often public "The HNA Group expresses its deepest condolences to Mr. Wang's family and his many friends," HNA's board of directors and management team said in a statement

  "Together, we mourn the loss of an outstanding leader and role model, whose vision and values ​​will continue to be a beacon for all who have had the chance to know him." as well as for the many others whose lives he has touched by his work and philanthropy. "

  He appears to have been censored on the tightly controlled Internet of China shortly after the group's announcement

  "HNA Wang Jian died" briefly ranked 11th on the topic page "Weibo's news, but quickly disappeared from the top 50

  " It's a really shocking news for us "says an employee who works in finance at HNA, refusing to give his name.

  "Everyone in the office talks about it, but we do not know what impact it will have on the management of the company."

  Wang Graduated from the University of Civil Aviation of China and holds an MBA from the Maastricht School of Management in the Netherlands, according to his company

  He held 15% of capital of HNA.

  ABC / Wires [19659035] Topics:

  death,

  business-economics-and-finance

  Trade,

  air Transport,

  China,

  Asia,

  la France