Previously there was an inquiry to Silverlake about the cash proceeds earned from its China sale. Silverlake mentioned they are withdrawing the amount but are subjected to the capital control limits imposed by China. The balance sheet and cashflow statement of Silverlake of the past 3 quarters seems to corroborate with the statement made.
The sale of Silverlake stake by HNA may be simply down to profit taking or that since Silverlake is paring down stake on its China associate, HNA group is doing likewise to the Singapore listed Silverlake.
<no Longer Vested>
The sale of Silverlake stake by HNA may be simply down to profit taking or that since Silverlake is paring down stake on its China associate, HNA group is doing likewise to the Singapore listed Silverlake.
<no Longer Vested>