Wang death casts cloud over HNA direction, hits bonds

The chairman of HNA Group was the mastermind behind the once-acquisitive firm.
July 04, 2018

HNA Group-linked bonds came under pressure on Wednesday as a question mark was placed over the future direction of the once-acquisitive Chinese conglomerate following news of the death of Jian Wang, its co-founder and chairman.

Wang, 57 years old, died on Tuesday from a fall during a business trip to France, the company said in a statement on its website. No further details were provided.

A spokesman for HNA Group, which changed its website to grey in a gesture of grief, did not immediately respond to FinanceAsia's requests for comment.

Wang's sudden death comes...

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