US-based Ness Tech sues China's HNA over fallen deal, blames shady corporate structure

US-based Ness Tech sues China's HNA over fallen deal, blames shady corporate structure

Chairman Chen Feng, HNA Group. Photo: Bloomberg

Ness Technologies S.A.R.L., a U.S. software engineering company, has sued Chinese conglomerate HNA Group accusing it of failing to adequately answer questions about its ownership in a U.S. review of takeovers by foreign companies, thereby causing their $325 million deal to fail.

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