HNA Group has sold its holding in New York-listed VLGC specialist Dorian LPG, TradeWinds understands.

Dorian LPG said on Friday that an unnamed investor was "exploring the opportunity" to dispose of between 5.5m and 7m shares.

The process, handed by Pareto Securities, represents between 10% and 12% of the company.

Sources in the finance market say that HNA Group, one of the company's largest shareholders, is the party divesting.