The Shanghai HNA Tower in the Lujiazui financial district in Pudong, Shanghai. Photo: SCMP
Debt-laden HNA Group sells prime waterfront office tower in Shanghai for US$509 million
- China Cinda Asset Management will own more than half of the 85,000 square metre grade A building in Pudong’s Lujiazui area
- In January 2019, the indebted Chinese conglomerate had sold a 70 per cent stake in another Shanghai tower to Singapore’s CapitaLand
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HNA Group
The Shanghai HNA Tower in the Lujiazui financial district in Pudong, Shanghai. Photo: SCMP