HNA fails to fully disclose how its $350m stake in Virgin Australia is controlled

HNA fails to fully disclose how its $350m stake in Virgin Australia is controlled

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

HNA Group Co. said it failed to fully disclose how its $350 million stake in Virgin Australia Holdings Ltd. is controlled, less than a month after regulators in New Zealand blocked an acquisition citing the Chinese conglomerate’s opaque ownership structure.

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