China’s HNA Group Chairman Wang dies after fall in France

Wang Jian was chairman of the HNA Group which amassed $230 billion in assets across its aviation tourism and finance businessesMore

HNA said Wang, whose personal fortune is estimated at $US1.7 billion by Forbes magazine, had been visiting Bonnieux during a business trip to France.

Wang Jian, the chairman and co-founder of high-profile Chinese conglomerate HNA Group, has died after a serious injury caused by a fall, the company said Wednesday.

HNA said that Wang, 57, suffered a fall in Provence, southern France, and received medical treatment but did not recover.

HNA has recently been selling off its holdings in hotel companies including Hilton Worldwide Holdings Inc., Park Hotels & Resorts and Spain's NH Hotels.

Xbox One rolls out FastStart feature to speed up downloads
As an added bonus, Groups will be tied to your Xbox Live account and will automatically sync across multiple Xbox One consoles. The catch is that the feature is only available right now on certain English-language titles in the Game Pass catalog.


But amid swelling debt and increasing attention from regulatory bodies, HNA began to unload its investments, divesting $14 billion in assets this year and reducing its stake in Deutsche to 7.6%. Subscribe to the Standard Group SMS service by texting "NEWS" to 22840.

The police are not taking the death scene of Mr. Wang as suspicious and a local police chief, Hubert Meriaux, said that Mr. Wang was willing to be framed in a shot by his family when he fell.

"He stood on the edge of a sharp drop to get his family to take a picture of him and fell", Meriaux told Reuters. They added that their investigation so far suggested his death was an accident. Now, experts say, after the death of Wang Jian, one should expect large sales of foreign objects.

Wang owned about 15 per cent of the Chinese group, making him one of the group's biggest shareholders, Bloomberg reported. HNA's other co-chairman, Chen Feng, and the group's top-ranking official, also holds a 15 percent stake.

Mbappe 'happy' but says Pele 'on another level'
And he has helped them move a step closer on their way to achieving that goal - bagging two in the last-16 clash with Argentina. Kylian Mbappe is "similar" to Brazil legend Ronaldo , Raphael Varane said after the teenager's performance against Argentina .


The conglomerate this week pulled out of a $400 million deal to buy Automotive Holdings Group's refrigerated logistics business after eight months of negotiations.

But HNA came under pressure a year ago as Beijing cracked down on the risky debt-fuelled financing that enabled its expansion.

Born in Tianjin, North China, he graduated from the Civil Aviation University of China, which was formerly the Civil Aviation Institute, with a bachelor's degree in airline management before going on to obtain an MBA from the Maastricht School of Management in the Netherlands.

Speaking through their own interpreter, Mr Wang's travelling companions told police it had been an accident.

'Abolish ICE' is a sign of the left's rising extremism
Housed within the Department of Homeland Security , ICE is in charge of executing hundreds of federal immigration statutes. What's more is the poll allowed respondents to submit any answer, and the 18 most frequently used words were all negative.


Reportedly worth US$7 billion, he was the driving force behind the rapid global expansion of the sprawling HNA Group, which he helped launch in 1993.

Related news:

Hot News

isis-killer-beheading-video-story-top Anthony Bourdain Was Worth a Lot Less Than Thought
Jul 06, 2018 - 21:39
The pair married in 2007 and separated in 2016, but their divorce was never finalized - legally, she's still his next of kin. Ariane gets the bulk of his assets, and his estranged wife, Ottavia Busia-Bourdain, is the executor of the will.

isis-killer-beheading-video-story-top Two-Time Winner Petra Kvitova Knocked Out Of Wimbledon In First Round
Jul 06, 2018 - 21:33
The 27-year-old was a set and a break up but was pegged back and needed six match points to finally secure the victory. However, she arrived this year after a poor run of form and some injuries at the end of 2017, as No22 seed.

isis-killer-beheading-video-story-top Malaysia Suspends Construction of Major Belt and Road Rail Project
Jul 06, 2018 - 20:55
Malaysia's previous government under Najib had warm ties with China and signed a string of deals for Beijing-funded projects. It said no duration was given for the suspension and that it could spark additional costs, losses and damages.

isis-killer-beheading-video-story-top President Trump reportedly asked about possibility of invading Venezuela
Jul 06, 2018 - 20:46
For his part, trump's advisors tried to explain to the President why military intervention in Venezuela may adversely affect US. Santos, a big backer of US attempts to isolate Maduro, said an invasion would have zero support in the region.

isis-killer-beheading-video-story-top Beginning of a new Pakistan: Imran Khan on Avenfield Reference case verdict
Jul 06, 2018 - 20:42
Sharif sentenced to seven years in prison and a fine of 2 million pounds and Safdar sentenced to one year in prison. In October, the accountability court had indicted the disqualified politician, his daughter, and her husband, Awan.

isis-killer-beheading-video-story-top Idris Elba will be the villain in the Fast and Furious spin-off
Jul 06, 2018 - 20:26
As per the sources, Dwayne and Jason will team-up in this action-packed film to fight against Idris Elba . Chris Morgan is penning the script for the film, that's going to start filming in the autumn.

isis-killer-beheading-video-story-top Scott Pruitt quits as head of USA environment agency
Jul 06, 2018 - 19:58
Pruitt had become a constant source of embarrassment to a president who had entered Washington promising to "Drain the Swamp". Mr Pruitt's resignation is the latest in a long list of White House departures since Mr Trump took office past year .

isis-killer-beheading-video-story-top Vettel quickest in FP2 as Verstappen crashes
Jul 06, 2018 - 19:53
The Formula One season will start a week earlier in 2019, with the Australian Grand Prix announcing its race will take place on March 17.

isis-killer-beheading-video-story-top Controversial rapper Chris Brown arrested for battery after Florida show
Jul 06, 2018 - 19:43
In 2016, Brown was arrested after an hours-long police standoff when a woman claimed the singer threatened her with a gun. Brown, who is father to 4-year-old daughter Royalty with Nia Guzman, has had recent run-ins with the law over the years.

isis-killer-beheading-video-story-top Trump will focus on Russia's 'malign' activity at summits
Jul 06, 2018 - 19:33
Putin, which they would say bolster allegations of Trump campaign collusion with Moscow to hack the 2016 presidential election. Trump's political opponents in the US will be looking for any sign that the president goes easy on Mr.

isis-killer-beheading-video-story-top EPA Chief Scott Pruitt Resigns, Trump Tweets
Jul 06, 2018 - 19:32
During congressional testimony in April, Mr Pruitt was unapologetic, often blaming his staff for any agency missteps. Pruitt faced a dozen investigations by the EPA inspector general, Congress and the White House.

isis-killer-beheading-video-story-top Fish pedicure causes woman to lose toenails
Jul 05, 2018 - 23:49
In addition, the fish themselves can not be sanitized between each customer's pedicure session, the CDC says . The beauty craze has been banned in 10 U.S. states - including NY - because of health concerns.

isis-killer-beheading-video-story-top We'd be at war with North Korea if it wasn't for me
Jul 05, 2018 - 23:48
Axios described the potential meeting as a "carrot to encourage real movement by North Korea" on denuclearization. Secretary of State Mike Pompeo is set to arrive Friday in Pyongyang for his third visit in three months.

isis-killer-beheading-video-story-top Lions fatally maul poachers who broke into reserve to hunt rhinos
Jul 05, 2018 - 23:37
The axe that was found on the scene is what is used to by these poachers to hack off the horn after they kill the animal. In 2016 the reserve lost three rhinos when poachers got into the park and shot them dead for their ivory horns.

isis-killer-beheading-video-story-top Hot and humid, few storms for Independence Day
Jul 05, 2018 - 22:47
Air quality is increasingly a concern as the unbroken string of hot and humid days without significant precipitation continues. Wistar said there could be spotty thunderstorms on Wednesday or Thursday , but they won't cool the air much.