While earning HNA had voting rights of 7.64%, its now cut it to 6.3%. The development comes as the EU is becoming more conscious of the Chinese threat.
According to information available in a filing with the U.S. Securities and Exchange Commission, China’s HNA has reduced its stake in Deutsche Bank to 6.3%, down from 7.64%.
This marks a reduction from percent of voting rights reported in the most recent filing in Germany.
HNA’s spokesman in Germany declined comment.
Deutsche Bank wasn’t immediately available on Saturday outside of business hours.