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1210512017 Chinese conglomerate HNA plans to place NZ finance compny UDC under the wing of its large EuropeanCanadian equipnant service subsidiary.

"Firstly, we look for companies with strong management. We encourage them to pursue opportunities for You cant sell - ask all tle record high number oflistings.
growth. Secondly, we assist them by providing capital support, investing in systems, and providing access to
ihe HNA global network and expertise. Unrealislic expectations.

*t MlleP on: ltl:dial hoGse prrces llipped rn'tl reso..

lwould beg to diftr. The desirable suburbs are hard to
BUY in. Everyone I know who rents, rents inner cenkal,

in desirable areas, close...
firsthomecryer on: Median house prices slipped in ..-

Siah Hwee Ang
"A challenge for New Zealand mindsets"

"For UDC this will mean it has the potential for significani further growth with HNA as its owner.,' Business news stream
Latest news Most commented Most viewed
On the fact that there has been some criticisrn ir New Zealand of this deal, Fast said HNA was relaiively
1. 'Separate retail payments network ownership
unknown ln New zealand so it was no't surprising people wanled to know more about the compafly. from usage'

"HNA also remgnises the impo(ance of UDC to New Zealand, even though il is notcunently New Zealand 2. HNA gives a glimpse of plans fr)r UDC 2
owned- UDC supports the growth and aspirations of New Zealand businesses and invesiors. HNA is committed 2 Should systemically important banks have extra
tc maintaining the presence of UDC in NZ, while helping to continue its success and create significant long-
term growth opportunities." capital requirements?

'No comment on speculation or rumours' 'More intensive approach'to bank oversight by
the RBNZrecommended 26
Asked for some reaction to the questions aboui HNAs rapid expansion that are being asked within Asia and
the queries as to where the funding is coming from, Fast said: "HNA Group does nol comment on speculation or 5. Westpac in no rush to bring Samsung Pay to NZ
ru rno u rs,"
6. We don't want to be financing people with no
Further asked what comfort he could give the New Zeatand public that HNA is a stable, well-funded company,
Fast said HNA Group was a Fortune Global 500 company, and China's Iargest non-bank leasing company. margin for enof 53

"We operate a leading global aviation finance business as well as one ofthe world's leading container leas;ng 7. 'Competition is favouring deposit customers' l9
businesses and Europe's leading kailerleasing business. We are a global corporate citizen with nearly
200,000 employees across North America, Europe ancl Asia. 8. NZ bank capital 'very conservative the way it is
today'
"Our continued success is a comllination of strategic investments and long{erm commitmentto all the
businesses within our portfolio." 9. BNZ boss predicts higher mortgage rates 17

Aeked whai sort of company TIP/HNA sees L,DC being in, say, five years' time Fast said: "At this slage, we are 10. ANZs David Hisco on the bestjob he has ever
focused on progressing our plans to purchase UDC." had

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z Comments

by Boatman I Fti, 1210512017 - 09:26
I hope this deal between ANZ and HNA turns out io be good for us and not some Trojan Horse

bv ,,-.. I Fri, 12/0512017 - 1OO3 1

isiiiv.lrive-by sfirear remov+d. Sensible comnlents oniy olease. Ed 1

. . : cr , .r: to post commenis

https://www-interest.co.nzlbusiness/B763Zchinese-conglomerate-hna-plans-place-nz-finance-com pany-udc-under-wing-its-large 3t4

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