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Industry, Materials & Utilities Headlines

U.S. company sues China's HNA over deal, cites opaque ownership

Ness Technologies S.A.R.L., a U.S. software engineering company, has sued Chinese conglomerate HNA Group [HNAIRC.UL] accusing it of failing to adequately answer questions about its ownership in a U.S. review of takeovers by foreign companies, thereby causing their $325 million deal to fail.