HNA's Tianjin Tianhai says reports that firm plans to sell Ingram Micro are false

From Reuters - January 14, 2018

SHANGHAI (Reuters) - Tianjin Tianhai Investment Co Ltd (600751.SS), a unit of Chinese aviation and shipping conglomerate HNA Group [HNAIRC.UL], said on Sunday that media reports that the firm planned to sell Ingram Micro were false.

The firm said the company was not involved in a situation as described by Chinese media reports, which said Tianjin Tianhai was looking to sell its U.S. electronics distributor subsidiary, Ingram Micro Inc, to Synnex Corp (SNX.N).

Ingram Micro is an important, strategic investment project to the company and is a key cornerstone and asset to the companys transformation and development, it said in a statement to the Shanghai Stock Exchange.


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