HNA Group sells Kai Tak airport plot in Hong Kong to Wheelock

HNA Group sells Kai Tak airport plot in Hong Kong to Wheelock

Steel reinforcement rods stand at the New Kowloon Inland Lot 6563 land site at the former Kai Tak airport area in Hong Kong, China, on Saturday, Feb. 2, 2019. Photographer: Anthony Kwan/Bloomberg

HNA Group Co., the debt-laden Chinese conglomerate on a selling spree, agreed to dispose of its last plot of land near Hong Kong’s former Kai Tak airport, ending ambitions for a massive residential project in the world’s most expensive property market.

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