A unit of HNA Group appears to have acquired 80% of the entity operating the online portal of Chinese financial media brand Caijing, according to business registration records verified by China Money Network.
The shareholder structure of Beijing Lianban Caixun Culture & Media Co., Ltd, the operator of Caijing magazine's online portal Caijing.com.cn and over a dozen other media titles, was changed last December to reflect an 80% interest held by HNA Capital, an investment arm of Chinese conglomerate HNA Group.
The business registration shows that HNA Capital owns 80% of the Beijing media company as it contributed RMB8.8 million to the company's RMB11 million total registered capital. Beijing Lianban Caixun itself owns 10.91%, while another investment unit whose identity cannot be verified owns the remaining share.
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