Private Chinese Overseas Ventures Unlikely After Tycoon Jailed

Private Chinese Overseas Ventures Unlikely After Tycoon Jailed

By: Toh Han ShihChen FengBig-ticket overseas acquisitions by private Chinese companies are unlikely for the foreseeable future after the imprisonment Chen Feng, a former chairman of HNA Group, a now-defunct private Chinese conglomerate that a decade ago splashed more than US$40 billion in snapping up foreign assets including stakes in Deutsche Bank, a Swiss airport retailer and the Hilton hotel chain only to be upended by evidence of overseas fr…