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China debt crunch

HNA Tech investors cheer as $7bn sale of Ingram Micro advances

Company director's insistence on better deal seen as positive

HNA Group was once among China's most acquisitive conglomerates, buying up such assets as Ingram Micro, the Radisson hotel chain and aviation services company Swissport Group.   © Reuters
KENJI KAWASE, Nikkei Asia chief business news correspondent | China

HONG KONG -- HNA Technology's share price went limit-up Monday, following reaffirmation of the sale of its U.S.-based technology-products distributor, Ingram Micro.

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