SINGAPORE: HNA Group Co’s partner in an overseas property trust is exploring ways to scale back its ties with the embattled Chinese conglomerate, people with knowledge of the matter said.
AEP Investment Management Pte is weighing options for reducing HNA Group’s involvement in the planned Singapore initial public offering of HNA Commercial REIT, which was going to be backed by about S$1bil (RM3.14bil) of properties from the two partners, according to the people.
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