July 5, 2018 / 3:52 AM / in a month

Hifood Group slumps 11 percent, leading slide in shares of HNA's HK-listed units

HONG KONG (Reuters) - Shares of jewellery maker Hifood Group Holdings (0442.HK), an indirect unit of HNA Group, fell 11 percent on Thursday to all-time lows, leading the slide in Hong Kong-listed stocks related to HNA whose co-chairman died in an accident two days ago.

The HNA Group logo is seen on the gate of HNA Plaza building in Beijing, China July 4, 2018. REUTERS/Elias Glenn

The aviation-to-financial services conglomerate’s Co-Chairman Wang Jian died during a business trip in France on July 3 in what local police said appeared to be an accidental fall from a wall while posing for a photograph.

HNA Group’s [HNAIRC.UL] logistics service unit CWT International Ltd (0521.HK) dropped 5.5 percent to the lowest since April last year, Hong Kong International Construction Investment Management Group (0687.HK) slid 3.7 percent, and HNA Technology (2086.HK) was down 2.4 percent.

Reporting by Donny Kwok; Editing by Muralikumar Anantharaman

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