AsiaFinance and InsuranceGas

China’s HNA Investment is beneficial owner of Dorian LPG stake

Photo of Holly Birkett Holly BirkettAugust 3, 2015
17 Less than a minute

China’s HNA Investment Management (IM) has been named in a SEC filing as the beneficial owner of the 5.8% stake in NYSE-listed Dorian LPG sold by Scorpio Tankers on July 22.

Scorpio sold its remaining 3,392,083 common shares to HNA IM’s subsidiary Sino Energy Holdings for a price of $16.16 per share or around $58.82m in total.

HNA IM is headquartered in New York and is part of China’s HNA group, which has assets valued at over RMB 450bn ($72.4bn) and 11 listed companies.

Photo of Holly Birkett Holly BirkettAugust 3, 2015
17 Less than a minute
Photo of Holly Birkett

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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