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UPDATE 1-China's HNA pushes back against liquidity concerns, wont sell assets "blindly" [Reuters (UK)]

Deutsche Bank AG (DB) 
US:NYSE Investor Relations: db.com/ir/index_en.htm
Company Research Source: Reuters
China's HNA pushes back against liquidity concerns, wont sell assets 'blindly' | Reuters 2 Min Read HONG KONG (Reuters) - China’s HNA Group [HNAIRC.UL] sought to allay growing concerns that the massive conglomerate is facing a liquidity crunch and may need to dispose some recent acquisitions, including stakes in Deutsche Bank ( DBKGn.DE ) and Hilton ( HLT.N ). Zhao Quan, head of HNA’s tourism division and the group’s newest board member, told Reuters on Friday in a telephone interview from Haikou city in southern China that adjustments in the group’s portfolio had started earlier, and the company was not selling its holdings “blindly”. HNA has not “suddenly started to liquidate assets”, said Zhao, who added the company has been disposing of non-core businesses in line with group strategy. Zhao dismissed “outside speculation” that the group is facing a “liquidity crisis”. Zhao’s comments come against a backdrop of a slew of repayment obligations and concerns about rising financing c Show less Read more
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