HNA sells majority stake in Manhattan building in $422 million deal

January 9, 2019 admin Business News Comments Off on HNA sells majority stake in Manhattan building in $422 million deal

Chinese conglomerate HNA Group [HNAIRC.UL] on Wednesday said it had sold a majority stake in a Manhattan building in a $422 million deal, the latest in a slew of asset disposals undertaken by the group to ease an intensifying cash crunch.

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Source:: Reuters – Business News