HNA accused of wrongdoing in Swiss deal

Updated 2017-11-28 09:31:57 Global Times

Chinese conglomerate HNA Group has been accused of providing "untrue or incomplete" information during the takeover of Gategroup by the Swiss Takeover Board, according to Reuters on Sunday.

The accusation involved the ownership structure of HNA Group, which said in May 2016 that two of its shareholders - Bharat Bhise and Guan Juan - held stakes of 17.4 percent and 12.35 percent, respectively. The Swiss Takeover Board said they should be shown as 17.15 percent and 12.01 percent, respectively, according to Reuters.

HNA responded by saying it had given all necessary information regarding the deal and that the deal would not be affected, Reuters reported.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 16 2017 11:19:48

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16December 16 2017 11:19:48

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 16 2017 11:19:48

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords