Chen Feng-controlled HNA Group is mounting yet another private placement in the billion-dollar class to shift its container lessor, Seaco, into a newly restructured stocklisted affiliate, Tianjin Bohai Leasing.
The total price tag on the new transaction is CNY 8.1bn ($1.32bn).
Seaco, formerly GE Seaco, was purchased in December 2011 for a reported price of $1.05bn by HNA and Hong Kong-based Bravia Capital, backed by debt financing from Deutsche Bank and ING Groep NV.
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