Late HNA chairman’s stake in conglomerate to go to China-based charity: Caixin

Late HNA chairman's stake in conglomerate to go to China-based charity: Caixin

FILE PHOTO: A HNA Group logo is seen on the building of HNA Plaza in Beijing


Thomson Reuters

BEIJING (Reuters) – Late HNA Group chairman Wang Jian’s 14.98 percent stake in the conglomerate will be donated to a China-based charity foundation that is already among the top shareholders of HNA, Caixin reported on Friday, citing an unnamed source.

Hainan Province Cihang Charity Foundation already controls a 22.75 percent in the conglomerate, Caixin said in its report.

Wang died in France on July 3 from what local police said appeared to be an accidental fall from a wall while posing for a photograph.

(Reporting by Se Young Lee; Editing by Muralikumar Anantharaman)

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