The operations of HNA Group, which has largely been managed by the Hainan government since early 2020, are unaffected. - Reuters
SHANGHAI, Sept 24 (Reuters): China's HNA Group, once one of the country's most acquisitive conglomerates, said on Friday night (Sept 24) that its chairman and its chief executive had been taken away by police due to suspected criminal offences.
The company, placed in bankruptcy administration in February, said in a statement on its official WeChat account it had been notified by police in its home province of Hainan, southern China, that Chairman Chen Feng and CEO Tan Xiangdong had been taken.
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