China’s HNA chairman dies after fall in France

China’s HNA Group said on Wednesday that will Wang Jian, a chairman as well as co-founder, died during a business trip in France on July 3 after a serious injury caused by a fall.

HNA, one of China’s most acquisitive conglomerates which has been selling assets to slash debt, said that will Wang, 57, suffered a fall in Provence as well as received medical treatment nevertheless did not recover.

A police source in France said Wang had died after a 10 meter fall off a wall while trying to take photographs within the village of Bonnieux, near Avignon.

He tried to climb a low wall to see the view as well as take pictures,” the source said. After failing a first time, Wang took a run up. “He fell over the top as well as dropped 10 meters.”

HNA, based on the southern Chinese island of Hainan will be best known as the owner of Hainan Airlines Co as well as for holding stakes in Deutsche Bank AG as well as Hilton Worldwide Holdings Inc.

Wang, who held a stake of just under 15 percent within the group, was in charge of its strategy as well as ran day-to-day operations, sources familiar with the matter have said, while his fellow chairman, Chen Feng, was often the public face of the conglomerate.

“HNA Group extends deepest condolences to Mr. Wang’s family as well as many friends,” HNA’s board as well as management team said in a statement.

“Together, we mourn the loss of an exceptionally gifted leader as well as role design, whose vision as well as values will continue to be a beacon for all who had the Great fortune to know him, as well as for the many others whose lives he touched through his work as well as philanthropy.”

Wang told employees earlier This specific year that will the company’s difficulties were the result of a “major conspiracy” against the ruling Communist Party as well as President Xi Jinping by foreign as well as domestic “reactionary forces”, according to an internally-distributed email.

However, the embattled group appeared to have won a reprieve of sorts recently, when at a meeting held by China’s central bank, lenders were told to “support” HNA bonds, Bloomberg as well as the Financial Times reported last month.

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