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Another HNA Stock Halted From Trading, Pending Announcement

  • Tianjin Tianhai suspended from trading in Shanghai Friday
  • Stock suspension follows similar move by HNA’s Hainan Air
Pedestrians walk past the HNA Group building in Beijing.

Pedestrians walk past the HNA Group building in Beijing.

Photographer: Qilai Shen/Bloomberg
By
Bloomberg News
Updated on

HNA Group Co.’s Tianjin Tianhai Investment Co. suspended its shares from trading in Shanghai ahead of a "major" announcement, the second group unit to do so this week.

Tianjin Tianhai, which owns the group’s Ingram Micro Inc. unit, rose 4.2 percent to 6.49 yuan on Thursday before Friday’s suspension. Group flagship Hainan Airlines Holding Co. has been suspended from trading since Wednesday, pending the possible announcement of a "major assets restructuring."