China's HNA to sell Sydney office building to Blackstone for $161m

China's HNA to sell Sydney office building to Blackstone for $161m

The HNA Group Co. building stands in Beijing, China, on Wednesday, Aug. 9, 2017. Photographer: Qilai Shen/Bloomberg

HNA Group Co. agreed to sell a Sydney office building to Blackstone Group, according to people familiar with the matter, in what could be the acquisitive conglomerate’s first-ever disposal of an overseas property as it struggles with mounting debts.

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