Deals

Third HNA Unit Halted From Trading, Pending 'Major Matter'

Bohai Capital shares suspended from trading in Shenzhen
Company joins Tianjin Tianhai, Hainan Air in halting stock

Bloomberg’s Fion Li explains why yet another unit of Chinese conglomerate HNA Group halted its shares from trading.(Source: Bloomberg)

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By Bloomberg News

January 17, 2018 at 1:31 AM UTC

Updated on

January 17, 2018 at 9:11 AM UTC

This article is for subscribers only.

HNA Group Co.’s Bohai Capital Holding Co. halted its shares from trading in Shenzhen ahead of a major announcement, becoming the Chinese conglomerate’s third unit to do so since last week.

Controlling shareholder HNA Capital Group Co. is planning a "major matter" that involves Bohai Capital, the company said in a filing to Shenzhen stock exchange on Wednesday. Shares of Bohai Capital will remain suspended for no more than 10 trading days, it said. The company will provide updates in a timely manner or seek to extend the trading halt if needed.