HGH - Heartland Group Holdings

[percy]

Some great "Winston" quotes in Scoop Business article headed ;UDC Finance's Chinese sale built on a house of Renminbi.
"The parlous state of proposed UDC Finance purchaser China's HNA Group,means the Overseas Investment Office should reject its application forthwith."
"HNA owes so much money that its interest payments exceed revenue."

[percy]

If Carl Boberg was still alive today he could have found inspiration on here to come up with another great poem

Be nothing compared to our Winston's quotes.

[iceman]

Some great "Winston" quotes in Scoop Business article headed ;UDC Finance's Chinese sale built on a house of Renminbi.
"The parlous state of proposed UDC Finance purchaser China's HNA Group,means the Overseas Investment Office should reject its application forthwith."
"HNA owes so much money that its interest payments exceed revenue."

The more one reads about the pressure HNA Group and a couple of other large Chiese companies that have gone on huge overseas sending sprees are coming under from the Chinese authorities point towards this deal not going through. Should the deal not be completed, it will be very interesting to see what will happen with UDC.

[Joshuatree]

That is one interesting piece of news, thanks.Heartland to pick up the pieces a possibility?
"Oh lord its hard to be humble when you're percy in every way" , couldn't resist it percy

[Joshuatree]

$50 billion shopping spree since 2015
Chinese conglomerate HNA Group reveals ownership structure

[Beagle]

The more one reads about the pressure HNA Group and a couple of other large Chiese companies that have gone on huge overseas sending sprees are coming under from the Chinese authorities point towards this deal not going through. Should the deal not be completed, it will be very interesting to see what will happen with UDC.

If the sale doesn't go through I can't see ANZ giving it away mate, they're not desperate sellers and its a pretty big company for HBL to consider buying but I agree that we live in interesting times and we are of course, "well positioned"

[janner]

If the sale doesn't go through I can't see ANZ giving it away mate, they're not desperate sellers and its a pretty big company for HBL to consider buying but I agree that we live in interesting times and we are of course, "well positioned"

Agree with your statement " its a pretty big company " .. Also " we live in interesting times "..

Which I am sure most on here would know that as being an ancient Chinese curse..

Maybe better to be left well alone....

[percy]

It would be well worth HBL buying it.
HBL would need to raise a lot of capital to do it,but that would be well supported, because it makes sense.
HBL would not do the deal if ANZ were looking to get the same price HNA Group were looking to pay.
ANZ have stated they will sell UDC,so yes we live in interesting times.
All the time, we must remember Greenslade worked at UDC, and other HBL staff are ex UDC, so they know the UDC business .

[janner]

It would be well worth HBL buying it.
HBL would need to raise a lot of capital to do it,but that would be well supported, because it makes sense.
HBL would not do the deal if ANZ were looking to get the same price HNA Group were looking to pay.
ANZ have stated they will sell UDC,so yes we live in interesting times.
All the time, we must remember Greenslade worked at UDC, and other HBL staff are ex UDC, so they know the UDC business .

:-))))))))))

[Beagle]

Disc: BBB - Beagle busy buying.