|Bid||2.330 x 0|
|Ask||2.350 x 0|
|Day's Range||2.290 - 2.350|
|52 Week Range||1.910 - 4.540|
|PE Ratio (TTM)||17.14|
|Forward Dividend & Yield||0.20 (8.70%)|
|1y Target Est||N/A|
China's HNA Group [HNAIRC.UL] is selling a land parcel in Hong Kong to local developer Wheelock and Co Ltd for $811.1 million (587.5 million pounds), the latest in a string of global asset disposals to ease its liquidity crunch. HNA raised $1.3 billion earlier this week by offloading its entire 25 percent stake in Park Hotels & Resorts (PK.N), according to Reuters publication IFR.
A HNA Group unit said it has pledged about 41 percent of the company as collateral for a loan from a Hong Kong private equity firm, part of a slew of fundraising efforts by the Chinese conglomerate to address a liquidity crunch. The real estate development unit, Hong Kong International Construction Investment Management Group Co Ltd (HKICIM), pledged 1.4 billion shares with PAG Holdings Ltd, which owns alternate investment management firm PAG. The fundraising comes on the heels of a deal to sell two Hong Kong land parcels to Henderson Land Development Co for $2 billion.