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The leader of a large Chinese society was fatally injured while he was on vacation in France. Wang Jian has also taken part in numerous foreign companies, including Deutsche Bank.
Wang Jian, leader of the Chinese giant HNA, was fatally wounded in the south of France. The company said the 57-year-old man had fallen on a trip to Provence. He suffered serious injuries in the fall and pbaded away on Tuesday. HNA is one of the 500 largest companies in the world and is, among others, with 7.8% largest shareholder of Deutsche Bank.
According to the French Gendarmerie, Wang Jian was crushed in the village of Bonnieux north of Aix-Provence. The first results of the investigation therefore speak of accident.
Wang Jian probably tried to climb a wall, said a spokeswoman for the gendarmerie. It was possible that he wanted to take a picture or have his picture taken. He probably took too much momentum and fell. Bonnieux is known for its panoramic views. The France Bleu radio station reported that the firefighters had tried unsuccessfully to revive the victim of the Chinese people
Financial collapse
The surprise death of the HNA leader explodes in a period of uncertainty for the conglomerate largely diversified in recent years. had apparently taken more than three years with billionaire acquisitions. The Chinese had bought companies and real estate for about 30 billion US dollars (currently 25.75 billion euros) worldwide, but accumulated more debt.
The Group is now striving to ease the crisis of billions of dollars, Wang Jian was a key figure of the expansion. Along with founder Chen Feng, he headed the conglomerate, most recently chairing HNA International's board of directors. The founder of Hainan Airlines
"Together, we mourn the loss of an exceptionally talented leader and model whose vision and values continue to be a beacon. "For those who have been lucky enough to know him," HNA said in a statement.
Wang Jian came from the aviation industry and founded Chen Feng in the early 1990s, Hainan Airlines, the flagship of the group. the fourth largest Chinese airline. HNA also bought 82.5% of Frankfurt – Hahn 's local deficit airport for 15 million euros last year.
China focuses on high technology
The fact that HNA is in a difficult position together. For years, Chinese state banks have agreed to fund the buying orgies of Chinese companies overseas, injecting billions of dollars. But it was suddenly over – for the sake of capital outflows.
The government now wants national companies to focus on high-tech acquisitions abroad, thereby advancing industrial upgrading in the country. Companies such as HNA, which are primarily interested in real estate and financial investments, but have drastically extinguished the money. In addition to HNA, real estate giant Wanda and Anbang insurance group have recently been in trouble.
In April, HNA reduced its stake in Deutsche Bank from 9.9% to 7.9% and announced its 26% stake in Selling All or part of the Hilton Hotels chain. worth more than $ 6 billion.
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