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U.S. Tells Chinese Conglomerate HNA Group To Sell Its Stake In Manhattan Building

3 days ago0 views

According to a report by Wall Street Journal, on Friday, the United States government has ordered Chinese conglomerate HNA Group to sell its majority stake in a Manhattan building. Reuters reports that the Committee on Foreign Investment in the United States, responsible for reviewing foreign investments to determine if they pose a national security threat, informed HNA that it had to divest itself of its holding in the building. However, according to the report, the committee did not explain to the aviation-to-financial services conglomerate why it had to sell the property.

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