Coupon Code: 10896 Language:ENGLISH |简体中文

Tourism News Share wonderful travel information

China's HNA calls off Swiss listing of airline caterer Gategroup at last minute

2018/3/28 9:47:16
HNA Group scrapped its planned listing of Swiss-based airline caterer Gategroup at the 11th hour on Monday, dealing a blow to the cash-strapped Chinese conglomerate’s efforts to reduce its debt mountain.

Gategroup, which announced in a statement that the IPO had been canceled, had been due to start trading in Switzerland on Tuesday, with the IPO valuing the whole company at as much as USD 2.8 billion.

A source close to the IPO process said HNA abandoned the listing because it had a clear idea of Gategroup’s value and was concerned it might not be reached.
Author:

Gehua New Century Hotel Beijing traffic info

Business zone:Ampoule
Area:chaoyangqu
Address:Beijing · Beijing · chaoyangqu - No.19 Gulou Outer Street, North 3rd Ring Road Chaoyang District Beijing China