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Wang Jian was about to pose in front of a church in Bonnieux in southern France, pbading halfway between admiring a Provencal landscape and smiling at the target of a member of his family, he said. Moved away from the wall balance and fell for 15 meters. So died one of the most powerful men in China and the richest in Asia, the co-chairman of the Chinese conglomerate HNA, a giant that includes tourism, logistics, holdings in Deutsche Bank as well as the company Hainan Airlines founded by Wang in the 90s
Police currently exclude any suspicious cause and is prone to the accident, the fatal negligence of a businessman at any one time. business trip. Wang, 57, is now dying that her HNA was leaving the period when she was one of the most indebted Chinese companies; symbol of the insatiable Chinese expansion abroad, HNA has recently folded under pressure from Beijing and so has sold 14 billion dollars of real estate and shares, a part of the shares of Deutsche Bank at the beginning of the year without giving up control. His death complicates the efforts to restructure the huge debts contracted and will probably be more pressing to understand who really belongs to this colossus whose opaque cleanliness has often been criticized. Wang was the owner of 15% of the shares of HNA, a group now controlled by a New York-based charitable foundation and a similar organization based in China that together hold 52% of the shares.
Wang's actions now go to this charitable foundation in New York, according to a document Reuters the shareholders had promised to leave everything to these two bodies in case of death or abandonment of the society. It is unclear to what extent these promises are binding, but whether the two beneficiary institutions would acquire 67% of HNA's shares.
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