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Hong Kong Airlines power struggle deepens amid allegations head office 'stormed'

18 Apr 2019

HONG KONG A power struggle at Hong Kong Airlines (HKA) intensified on Thursday as a group of shareholders accused a rival group representing indebted Chinese conglomerate HNA of storming the troubled airline's head office and taking away documents.

Amazon, facing entrenched rivals, says to shut China online store

18 Apr 2019

SAN FRANCISCO/BEIJING/HONG KONG Amazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world's most populous nation. | Video

Hong Kong Airlines faces more uncertainty as chairman challenges his removal

17 Apr 2019

HONG KONG Hong Kong Airlines, partially owned by China's HNA Group, was thrown into deeper uncertainty on Wednesday after Hou Wei disputed a decision that removed him as chairman and said he was still in charge of the struggling carrier.

Hong Kong Airlines faces more uncertainty as board change disputed

17 Apr 2019

HONG KONG, April 17 Hong Kong Airlines, partially owned by China's HNA Group, was thrown into deeper uncertainty on Wednesday after Hou Wei disputed a board meeting that removed him as chairman and said he was still in charge of the struggling carrier.

CWT International defaults on $179 million loan, parent HNA sees no impact on business

17 Apr 2019

HONG KONG CWT International Ltd, a unit of China's indebted HNA Group Co Ltd, said on Tuesday it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay funds due or lose assets pledged as collateral.

UPDATE 2-CWT Intl defaults on $179 mln loan, parent HNA sees no impact on business

17 Apr 2019

* CWT says failed to pay interest and fees worth HK$63 mln in loan

HNA unit CWT Intl faces asset seizure after default on $179 mln loan

16 Apr 2019

HONG KONG, April 16 Chinese conglomerate HNA Group Co Ltd could lose assets in Hong Kong-listed unit CWT International Ltd after CWT defaulted on a HK$1.4 billion ($178.56 million) loan, the company said in a stock exchange filing on Tuesday.

Who is in the driver's seat in battle for South Korean gaming giant Nexon?

12 Apr 2019

HONG KONG/SEOUL The sale of a controlling stake in the parent of South Korean gaming firm Nexon Co is now narrowing to a handful of serious bidders after generating fevered speculation. 

EXPLAINER-Who is in the driver's seat in battle for S.Korean gaming giant Nexon?

12 Apr 2019

HONG KONG/SEOUL, April 12 The sale of a controlling stake in the parent of South Korean gaming firm Nexon Co is now narrowing to a handful of serious bidders after generating fevered speculation.

Exclusive: Chinese EV car maker NIO restricts its IPO banks from working for rivals - sources

29 Mar 2019

HONG KONG Chinese electric vehicle (EV) maker NIO Inc has blocked the eight top investment banks that did its IPO from working for rivals by tying them up in rare year-long non-compete clauses, several people with direct knowledge of the matter said.

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