AHG 0.82% $3.67 automotive holdings group limited.

News: AHG Automotive Holdings says HNA unit quits refrigerated logistics arm deal

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    July 2 (Reuters) - Automotive Holdings Group (AHG) on Monday said a unit of China's HNA Group terminated the purchase of AHG's refrigerated logistics business.

    The retailer announced plans to sell the business to a unit of HNA for A$280 million ($207.2 million) in November.

    However, last week it said the deal would not be completed by June 30 as earlier advised as HNA had not yet secured foreign investment regulatory approval.

    ($1 = 1.3514 Australian dollars)

 
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