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Showing 1 - 4 of 4 results for "HNA Group"

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... an $86 million loss. In the same month, it agreed to sell UDC Finance, which is part of the New Zealand division, to HNA Group. ANZ booked $18 million in cost recovery related to the sale. Exiting its retail and wealth businesses from Asia proved to ...

ANZ considering IPO for subsidiary

KANIKA SOOD  |  TUESDAY, 20 MAR 2018
... attempt to sell it to a Chinese buyer was blocked last year. The bank was set to sell UDC Finance to Chinese behemoth HNA Group for NZ$660 million when the NZ regulator pulled the breaks on the deal. Now ANZ is considering listing the company with ordinary ...

ANZ attempts sale to Chinese conglomerate, blocked by NZ regulator

ALEX BURKE  |  THURSDAY, 21 DEC 2017
... attempted sale of a subsidiary business to a Chinese firm has been blocked by New Zealand's Overseas Investment Office. HNA Group has been in talks to purchase UDC Finance, an asset financing firm acquired by ANZ Bank New Zealand in 1980. ANZ said the ...

ANZ unloads UDC Finance

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JAN 2017
... Continuing its strategy to simplify its business, the bank announced it has entered a NZ$660 million agreement with HNA Group to sell the asset finance firm - a wholly owned subsidiary of ANZ Bank New Zealand. Commenting on the sale, ANZ New Zealand ...
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