HNA Group has revealed it did not fully disclose companies connected to the stake it holds in Virgin Australia, adding to a growing list of gaps or discrepancies in information regarding the ownership structure of the Chinese conglomerate.
In a regulatory filing to the Australian Securities Exchange this week, the Hainan-based company submitted an updated notice of initial substantial shareholders, listing a number of entities it said were not included in the original regulatory filing but that “nonetheless hold a relevant interest” in Australia’s second-largest airline.
It was unclear what prompted the disclosure, which came three weeks after regulators in New Zealand barred HNA from taking over a local finance company.
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