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China's HNA speeds up asset sales in 'return to roots'

Hong Kong Express exit marks latest move by debt-laden group to consolidate

HNA had expanded aggressively through overseas acquisitions.   © Reuters

HONG KONG -- Chinese conglomerate HNA Group is unloading more assets as it refocuses its business portfolio following an overseas buying spree that left it overextended.

The company, whose operations range from airlines to logistics to real estate, has sold around $45.2 billion in assets since last year, including stakes in Germany's Deutsche Bank and the U.S.-based Hilton hotel chain.

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