HNA gave false detail on Gategroup bid, rules Swiss regulator

HNA gave false detail on Gategroup bid, rules Swiss regulator

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A Swiss regulator has ruled that HNA Group Co., the acquisitive Chinese conglomerate facing widening global scrutiny of its overseas purchases, provided some false information and failed to disclose that company executives held the biggest stake in its takeover of Zurich-based Gategroup Holding AG.

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