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HNA Group names replacement for late chairman

Chen Feng, co-founder of HNA Group Co. Ltd., was named as chairman of the Chinese conglomerate following the death of co-founder and Chairman Wang Jian during a business trip in France.

CEO Adam Tan will remain on his position, the company said in a release.

HNA added that the shares held by Wang at the time of his death will be addressed and disposed of in due course.