(Beijing Comprehensive News) The HNA Group, which was officially taken over by the official, announced the night before that chairman Chen Feng and CEO Tan Xiangdong were adopted by the police for suspected illegal crimes.
HNA Group said that the day before yesterday received a notice from Hainan Public Security Organs, but did not provide details of the crime involved in the two people. It only emphasized that the group and their members' enterprises were operating steadily and orderly.Production and operation will not be affected.
According to Bloomberg, the US Securities and Exchange Commission has a document that Tan Xiangdong is an American citizen.A spokesman for the US Embassy in China did not comment yesterday.
Gu Gang, Secretary of the HNA Group Party Committee, published a public letter in WeChat late the night before that after 18 months of challenges, the company began to see the dawn of the end of the tunnel.He did not explain why Chen and Tan were taken for compulsory measures. They only said that "the mistake was borne by the person who made the mistake" and "the ambition and desire to send the group into the abyss."Grasp the steering wheel stably.
According to Caixin.com, Chen Feng and former HNA chairman Wang Jian, a former chairman of HNA, have obtained a large number of HNA business contracts, covering aircraft and aviation procurement, procurement of aircraft and aviation materials.Real estate, informatization, advertising and other businesses.Some of the associated transactions of HNA Group and company executive skirts, some of which were extended to overseas mergers and acquisitions as early as 2000, and did not fully disclose them.
The original executive of a HNA group said to Caixin: "Chen Feng's brother engaged in airlines in the United States, and then Wang Jian's brother Wang Wei also came in. HNA's aviation materials may be about 30%expensive,Even if it is 50%, the plane is about 10%expensive.question.The joint working group of Hainan Provincial HNA Group asked Chen Feng to deal with the assets of the Hainan Cihang Public Welfare Foundation initiated by the group to repay the personal creditor's right to repay these wealth management products, but Chen Feng refused.
According to Bloomberg, in the global acquisition trend promoted by Chinese enterprise groups, HNA was one of the typical representatives, and once became an important shareholder of Hilton Global Holdings and Deutsche Bank.
After the assets of HNA divestitudes, there are still more than 101.5 billion yuan in debt
As the Chinese government strengthens capital control, the purchase wave ended around 2018.Since then, officials have worked hard to sort out financial exchanges between companies such as HNA.Three listed companies under the group disclosed in February that shareholders and related parties occupy at least 63 billion yuan (S $ 13.2 billion).
Even after the assets are stripped, HNA Group still has more than $ 75 billion (S $ 101.5 billion) in debt.The group's core aviation business was hit by a crown disease epidemic, prompting the Hainan Provincial Government to take over in February last year.
When HNA Group announced the list of the new party committee in January this year, the founder Chen Feng was removed, implying that he was facing difficulties; the new party committee secretary was taken over by Gu Gang.The person in charge of the working group of liquidity risk.
HNA Group was the earliest airline, and was founded by Chen Feng and partner Wang Jian in 1993.Wang Jian died in a mysterious accident in France in 2018.The French Liberation Journal quoted a witness in early 2019 that Wang Jian was committed to suicide.
