At the Boao Forum, HNA Group announced the signing of a Memorandum of Understanding to explore business partnerships with Temasek, an investment company headquartered in Singapore.
The partnerships will be focused on the areas of aviation, logistics and airport infrastructure, with the aim of expanding their operations in aviation and logistics markets both in China and globally.
Temasek CEO Chia Song Hwee said: "We are keen to explore investments which support longer term trends for a better, smarter and connected world of tomorrow.
"This MoU between HNA and Temasek signals the interest of our two organisations to explore common business interests and pursue opportunities to work together. In particular opportunities in aviation, international travel and related businesses that reflect the growing demands of higher incomes and a more interconnected world."
HNA Group chief executive Adam Tan said: "Our business can benefit from Temasek's investment expertise, and equally Temasek can benefit from our experience in aviation and logistics not only in China but globally."
China's HNA Group, which has invested in several logistics assets, is facing headwinds following a spending spree that has left the company in debt and raised concerns over its ownership structure, London's Air Cargo News reported.
In January Kuehne + Nagel (K+N) announced that it has teamed up with Temasek to invest in start-up tech companies that develop products for logistics and supply chain operations.
Sources:HNA
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