“The Chinese government has a stake in 53% of Swiss companies acquired by Chinese firms since 2010, according to a think tank study.”
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Tag: HNA
Danger of renewed grounding: Swissport will soon run out of money | NZZaS
“With Swissport, a systemically important provider of Swiss aviation is financially on the brink. Without it, the airport stands still.”
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China Is Struggling to Offload Foreign Acquisitions, From Yachts to Pizza | Swissinfo
China Inc. is struggling to offload overseas businesses and the accompanying debt in an increasingly volatile market.
In just a few weeks, companies from yacht makers to luxury clothing and pizza outlets — acquired by Chinese firms in recent years — have either scrapped planned initial public offerings or sought alternatives to reduce their debt piles.
@ Swissinfo.ch| October 22, 2019