Swiss to lodge criminal charge against China’s HNA Group over Dufry
The Swiss market watchdog says the HNA conglomerate breached disclosure rules using opaque holdings and even charities
25 September 2019 - 14:20
Zurich — Switzerland’s markets supervisor said on Wednesday that it will lodge a criminal complaint against Chinese conglomerate HNA Group for an alleged “serious breach” of disclosure rules over a stake it once held in duty free group Dufry.
Swiss officials have previously found fault with disclosures by HNA, whose global expansion added activities ranging from travel to finance, but which has been criticised for its holding structure’s opacity...
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