HNA Group CEO to Skip Gathering of Leaders at Davos
- Bonds continue to fall, Guo Wengui splits with famed lawyer
- Slew of news comes as group struggles with borrowing costs
This article is for subscribers only.
The chief executive officer of HNA Group Co., the Chinese conglomerate that’s under scrutiny because of its debt-fueled acquisition spree and ballooning financing costs, has canceled plans to attend next week’s annual meeting of the World Economic Forum, people familiar with the matter said.
It wasn’t immediately clear why Adam Tan, who’s on the list of attendees for the summit to be held Jan. 23 to 26 in Davos, Switzerland, decided to pull out. The people asked not to be identified discussing a private matter and declined to provide further details. An HNA representative couldn’t immediately comment when contacted by Bloomberg News on Thursday.