HNA Unit Acquires 80% of Tianjin Northern Petroleum For $137M

oilA unit of HNA Group Co., Ltd has invested RMB910 million (US$137 million) in Chinese petrochemical enterprise Tianjin Northern Petroleum to acquire an 80% equity stake, according to an article by Caixin Meida. The unit, HNA Logistics, plans to develop the company into an aircraft and marine fuel provider, an operator of petrochemical bases and […]


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