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MARSEILLE – Chinese tycoon Wang Jian, whose sprawling conglomerate HNA Group owns a host of foreign assets, has died after falling off a wall while sightseeing in southern France, police and his company said Wednesday.
Wang suffered the fatal accident on Tuesday in the picturesque hillside village of Bonnieux after climbing onto a parapet, local security sources told AFP.
"He jumped up on the wall and was The 57-year-old businessman, the co-founder of HNA and its second-highest ranking executive, fell into a state of affairs.
10-meter (32-foot) void, sustaining serious injuries that emergency services were unable to
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<p>" Together, we mourn the loss of an exceptionally gifted HANA said Wang, his personal fortune in a statement issued in China. $ 1.7 trillion (S $ 2.3 billion) by Forbes magazine, had been visiting Bonnieux during a business trip to France. </p>
<p> The company started as a small provincial airline serving China's Hainan Province. and business partner Chen Feng. </p>
<p> The firm's US $ 230 billion ($ 314 billion) in the form of sales and finance. roup and Deutsche Bank. </p>
<p> It also took place in Virgin Australia, France's Aigle Azur and TAP in Portugal. </p>
<p> <strong> CORPORATE TURBULENCE </strong> </p>
<p> But HNA came under pressure last year as Beijing has cracked down on the risky debt-fuelled financing that enabled its expansion. </p>
<p> The conglomerate has begun to sell its debt, its Hilton and Deutsche Bank shares, and the unwinding process. </p>
<p> "Corrupting the world of aggressive expansion by HNA," Corrine Png, chief executive at the Singapore-based research firm Crucial Perspective, told the Bloomberg Financial News Agency. </p>
<p> " It will also be possible to add to the planning of the project, "Png added. </p>
<p> Warut Promboon, managing partner at credit research firm Bondcritic, told the news agency that Wang's death wo uld be a blow because of the company reported that its debt was 638 billion yuan (81.5 billion euros), up 36 per cent from </p>
<p> Wang began his career in civil aviation in 1963. </p>
<p> Bonnieux is a mediaeval village in the south of France, a favorite destination for the rich and famous over the peak </p>
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