HNA Group

HNA Group files defamation suit against exiled Chinese real estate mogul Company claims Guo Wengui lied about Communist Party official’s ties

HNA’s Chen Feng and Guo Wengui

HNA Group filed a defamation lawsuit in New York against a self-exiled Chinese real estate mogul who claimed that a high-ranking official in the country’s Communist Party has ties to the company.

HNA’s lawsuit says Guo Wengui made “repeatedl上海贵族宝贝论坛

y false and defamatory statements,” including a claim that Yao Qing, a nephew of Wang Qishan, the Communist Party’s top anti-corruption official and close supporter of Chinese President Xi Jinpin, is one of HNA’s shareholders, the Wall Street Journal reported.

The case is in New York because Guo, who also uses the name Miles Kwok, lives and runs a business in Manhattan.

HNA said the comments caused the company to lose business and suffer a drop in share prices, but Guo said he welcomes a legal spat with giant Chinese conglomerate in the Uni上海千花网交友

ted States.

“It will be a wonderful thing to have a legal battle with HNA Group here,” Guo wrote in a Twitter message to the Journal. “I hope that the U.S. legal system would give us a fair ruling regarding issues including [HNA’s] business in New York.”

HNA is seeking at least $300 million damages and a court ruling that the statements were false and defamatory. Disclosures earlier this year about a New York-based c阿爱上海同城

harity that owns a majority of the company’s shares have raised some eyebrows regarding its ownership structure.

Guo, meanwhile, is in the cross h上海夜网

airs of the Chinese government, which has described him as a “criminal suspect” and 上海千花网龙凤论坛

asked Interpol to issue a notice for his arrest. Chinese prosecutors put three executives from his company on trial for fraud in June. [WSJ] – Rich Bockmann

Tags: Commercial Real Estate, HNA Group
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