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Wang Jian, co-chairman of the Chinese HNA Conglomerate, died during a business trip to France on July 3, in which local police said he accidentally dropped the wall in posing for a photo
Considered to be the architects of this impressive $ 50 billion acquisition, HNA has accumulated badets ranging from the stocking of Deutsche Bank AG to leading properties abroad. Under pressure from Beijing, HNA sold many badets to reduce its debts.
He is responsible for the HNA strategy and manages day-to-day operations, according to sources familiar with the matter, while co-founder and co-founder Chen Feng Sa death has complicated the troubled conglomerate's efforts to restructure and repay the loans, and could increase the pressure on the HNA to reveal more about its fuzzy property often criticized.
Wang fell more than 16 years Lieutenant-Colonel Hubert Meriaux, of the Vaucluse police, told Reuters: "He stands on sharp edges so that his family can photograph and fall", has -he says.
Wang holds a 15% interest in HNA. The group is controlled by a foundation based in New York and a China-based charity that together holds a 52% stake in HNA. Chen also holds a 15% interest.
Shareholders have promised that if the events leave the company or their deaths, it will transfer its shares to a New York charity fund, according to a document seen by Reuters.
Conglomerates flying services to financial services that consider Hainan Airlines Co. as its main badet, recent sales of HNA include ownership of companies such as Hilton Worldwide Holdings Inc., Park Hotels & Resorts, and NH Hotels In Spain
Wang's death could not be worse, said Brock Silvers, founder and managing director of Kaiyuan Capital, a Shanghai-based investment advisory firm.
"Pressure to reduce debt on HNA continues to be"
Wang graduated from the University of China's Civil Aviation with a degree in Aviation Management and holds an MBA from the Maastricht School of Management in the Netherlands 19659002] "HNA Group extends its sincere condolences to Wang's family and tem A member of HNA's board of directors and management said in a
release that social media on Wang's death appear to have been censored on the tightly controlled Internet of China soon after the announcement of the news by the group. "Wang Jian HNA died" was quickly ranked 11th in hot topic Weibo topic hot, but quickly disappeared from the top 50.
"This is really a shocking news for us," said an employee working in finance in HNA, refused to give his name. "Everyone in the office talks about it, but we do not know what will be the impact on the direction of the company." (19199002) ErabaruNews
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