HNA’s Sell-Off of Assets Continues with its $4 Billion Stake in Ingram Micro

On August 26, it was reported that a consortium led by Asian private equity group RRJ Capital was nearing an agreement to acquire HNA Group’s $4 billion controlling stake in U.S. electronics distributor Ingram Micro. Since 2017, HNA – a private Chinese conglomerate – has engaged in an asset sell-off due to high debt levels and criticism by the central government of companies acting outside of their core line of business. Earlier this ...

China Offers $100 Million as Inducement to Approve Investment in Motor Sich, US Looks to Block

On August 19, China’s Skyrizon Aircraft and Xinwei Technology Group offered a $100 million grant for the development of Ukraine’s aircraft manufacturing industry on the condition that the Antimonopoly Committee of Ukraine approved the consortium’s attempt to acquire a stake exceeding 50% in Motor Sich — a major domestic supplier of helicopter engines, with a growing export business in China’s military-industrial ...

AVIC Rejected from Namibia Airport Road Project

On August 12, the Namibian Roads Authority reviewed bid recommendations for phase 2A of the Windhoek-Hosea Kutako International Airport road upgrade in Namibia.  In this process, the agency reportedly rejected the submission of AVIC International, due to concerns that the bid was artificially low and that costs would be increased later once the contract was awarded.  The same issue arose with China State Construction ...