Billionaire Chen’s HNA to Acquire Stake in Virgin Australia

Updated on
  • Chinese conglomerate to raise holding to 20% "over time"
  • Virgin shareholder Singapore Air supports deal, Virgin says

Virgin Australia CEO: HNA Deal Opens Up China for Us

Billionaire Chen Feng’s HNA Group agreed to purchase a stake in Virgin Australia Holdings Ltd. as the Chinese conglomerate adds to its more than $91 billion of assets worldwide.

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