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China's HNA says it is not selling assets "blindly"


Reuters

HONG KONG, Dec 8 (Reuters) - Chinese conglomerate HNA Group is not selling assets "blindly" and has no plans to sell its stakes in Deutsche Bank or Hilton Worldwide 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.




This article appears in: World Markets , Stocks , Technology


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