Wan Hai continues to build its container fleet with two new orders
Wan Hai Lines has gone to China International Marine Containers (CIMC) and Singamas to buy ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
The South China Morning Post has written an interesting analysis of HNA Group, the very acquisitive Chinese conglomerate. Although the article focuses on the problems with its investment in a Spanish hotel group, HNA has a strong aviation arm, with ownership in numerous Chinese airlines, including Grand China, Hainan, Tianjin, Yangtze River Express, my Cargo and Ghana AWA Airlines. It has recently decided to buy a stake in Virgin Australia, is eyeing Avianca and bought 50% of Servair. Its growth appears to be unstoppable – but, as this article suggests, it may be going too fast for its own good, which has contributed to its being stripped of board representation at the Spanish hotel group. As a professor puts it: “Management control will increasingly be a key challenge for Chinese firms’ acquisitions.”
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