China's HNA Group sells property developer unit in $456m deal

China's HNA Group sells property developer unit in $456m deal

A pedestrian walks past the HNAGroup Co. building in Beijing, China, on Wednesday, Aug. 9, 2017. Photographer: Qilai Shen/Bloomberg

China’s HNA Group is selling a real-estate focused unit for 2.9 billion yuan ($456.08 million), the firm said in a regulatory filing on Wednesday, amid a broader sell down by the debt-laden conglomerate as it looks to raise funds.

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