China's HNA says it is not selling assets "blindly" [Reuters]
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Source: Reuters
China's HNA says it is not selling assets 'blindly' | Reuters Reuters Staff 1 Min Read HONG KONG (Reuters) - Chinese conglomerate HNA Group [HNAIRC.UL] is not selling assets “blindly” and has no plans to sell its stakes in Deutsche Bank ( DBKGn.DE ) or Hilton Worldwide ( HLT.N ) in the near future, a senior executive told Reuters on Friday. Zhao Quan, a board member of HNA Group, said in a telephone interview the conglomerate was adjusting its portfolio and recent asset sales had nothing to do with liquidity. The news comes against the backdrop of a slew of repayment obligations and concerns about rising financing costs at the indebted airline-to-property conglomerate. Reporting By Matthew Miller and Julie Zhu; Editing by Anne Marie Roantree and Muralikumar Anantharaman All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2017 Reuters. All Rights Reserved. China's HNA says it is not selling assets 'blindly' HONG KONG (Reuters
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