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HONG KONG, July 21, 2015 - (ACN Newswire) - HNA Group (International) Company Limited(HNAI) today announced its associate, Hong Kong International Aviation Leasing Company Limited (HKIAL), has completed the acquisition of Grayrentals Plc. HKIAL is one of the leading leasing companies in Hong Kong. The acquired company Grayrentals, which is the 6th largest trailer leasing company in UK, provides trailer leasing, rental, maintenance and other value-added solutions to transportation and logistics customers in the UK. Headquartered in Hull, Grayrentals owns and manages approximately 3,000 units with a diversified customer base.
"The acquisition of Grayrentals into our portfolio is a good strategic fit, complementing our existing investments in trailer leasing and services across Europe with TIP Trailer Services, and HNAI's investments in world-wide aircraft leasing, marine container leasing and ship leasing," said Wang Hao, President of HNAI and Chairman of HKIAL.
Mr. Wang added "as HNA Group's international headquarters and strategic platform for offshore investment, financing and control work, we continue to strengthen our transportation finance and services capabilities internationally, and we intend to grow Grayrentals during the coming years supported by the existing management team."
Contact:
HNA Group (International) Company Limited
Ms. Abby LEE Tel: (852) 3196 0956 Email: abby.cmlee@hnair.com
Strategic Financial Relations (China) Limited
Ms. Karen HUNG Tel: (852) 2864 4845 Email: karen.hung@sprg.com.hk
Ms. Ada LEUNG Tel: (852) 2114 4967 Email: ada.leung@sprg.com.hk
Topic: Press release summary
Source: HNA Group International Co. Ltd.
Sectors: Daily Finance
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From the Asia Corporate News Network
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