Now you see him, now you don’t.
A restructuring by acquisitive Chinese conglomerate HNA has moved the ownership of a 29.5 per cent stake from a mysterious Chinese investor to a New York-registered non-profit, adding to the questions surrounding the governance of the company.
HNA’s new ownership structure omits Guan Jun, a man who owned a large chunk of the company for about a year. Mr Guan was not paid for transferring ownership of the stake to Hainan Cihang Charity Foundation, HNA said.
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