Wednesday 20 October 2021
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scmp - 25 days ago

Police detain HNA’s founder Chen Feng, CEO Adam Tan days after breaking one of China’s biggest conglomerates into four units

Two top executives of HNA Group have been detained by China’s police, days after one of the country’s largest private conglomerates was broken down into four separate businesses following its bankruptcy restructuring.HNA’s founder and former chairman Chen Feng, and the former chief executive Adam Tan Xiangdong have been detained by police on “suspected crimes,” the group said in a statement in its official WeChat account. “HNA Group and its member enterprises are operating in a stable and…


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