Tag: HNA Group
An industry source said HNA was attempting to sell the fleet in its wholly-owned private Deer Jet division and then shut it down.
Earlier this year, HNA sold a 25% stake in Hilton Grand Vacations Inc, trimmed shares held in Deutsche Bank and sold three land parcels in Hong Kong, among other sale
HNA previously said it was committed to the stake, but the government instructed it to focus on its main business of travel and stop diversifying through acquisitions.
Sources say Bank Negara has no objections that HNA now indirectly owns just under 10% of Deutsche Bank Malaysia Bhd.