NZ blocks lender purchase by China's HNA citing debt, liquidity concerns

NZ blocks lender purchase by China's HNA citing debt, liquidity concerns

Signage for HNA Group Co. is displayed atop the company's building in Beijing, China, on Thursday, Feb. 1, 2018. Photographer: Giulia Marchi/Bloomberg

New Zealand‘s Overseas Investment Office (OIO)blocked an attempt by China’s HNA Group to buy a vehicle finance firm in part due to doubts about the debt-saddled conglomerate’s financial stability, documents showed on Wednesday.

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