ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

HNA faces multiple setbacks in overseas expansion

Dubious shareholding structure held banks back from dealmaking

HONG KONG -- At least three of Hainan-based HNA Group's outbound deals are in limbo as banks turn cautious against the acquisitive company that has failed to demystify its shareholding structure and financial standing.

The listing of its real estate investment trust, HNA Commercial REIT, on the Singapore Exchange was derailed after Bank of America Merrill Lynch withdrew from its role as adviser. HNA Group has come under intense scrutiny due to its opaque shareholding structure and worries over its risk exposure.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more