Deals

HNA Walks Away From Late-Stage Value Partners Deal Talks

Conglomerate pulls out weeks before final agreement expected
Hong Kong fund house manages $16.8 billion of assets

The HNA Group Co. building in Beijing, China. — The HNA Group Co. building in Beijing, China.
Photographer: Qilai Shen/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Jonathan Browning

January 5, 2018 at 2:22 AM UTC

Updated on

January 5, 2018 at 9:06 AM UTC

This article is for subscribers only.

HNA Group Co. walked away from late-stage negotiations to buy a stake in Hong Kong fund house Value Partners Group Ltd., people with knowledge of the matter said.

HNA pulled out of talks to buy a significant stake from Value Partners founders Cheah Cheng Hye and V-Nee Yeh just weeks before a final agreement was expected to be signed, according to one of the people. The Chinese conglomerate’s termination of the negotiations wasn’t related to difficulty obtaining financing, another person said, asking not to be identified because the information is private.