China's HNA considers asset sales, signals reversal of buying spree

China's HNA considers asset sales, signals reversal of buying spree

The HNAGroup Co. building stands in Beijing, China, on Wednesday, Aug. 9, 2017. Photographer: Qilai Shen/Bloomberg via Getty Images

HNA Group Co. Chief Executive Officer Adam Tan said the Chinese conglomerate is considering selling assets, signaling the acquisitive company is caving in to government pressure by reversing a shopping spree that cost tens of billions of dollars and strained its finances.

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