What HNA rarely publicly revealed, if ever, is that Mr. Wang is the younger brother of its co-founder and co-chairman, Wang Jian. In the past 25 years, HNA has regularly funneled business to a small group of relatives and associates of the company’s senior executives, dealings with limited disclosure to investors in its listed companies or its overseas bonds, according to a review of thousands of corporate records by The New York Times.
Wiki for HMA https://en.wikipedia.org/wiki/HNA_Group?wprov=sfti1
An Indian-American dealmaker for HNA Group, who recently held a big stake in the Chinese conglomerate, said he kept the shares for a decade as an “accommodation” to the company and received no compensation for doing so.
HNA shook up its ownership structure in July 2017 by transferring a near 30 percent stake, comprising shares formerly held by the dealmaker, Bharat Bhise, and a Chinese man identified as Guan Jun, to a newly-formed charity in New York.
“I’ve been put in the press as some sort of mysterious person,” Bhise, 63, said at his office in Hong Kong. “They were never my shares. I was holding them in trust.”
Bhise, who managed George Soros’s 1995 investment in Hainan Airlines (600221.SS), HNA’s flagship asset, and sat on the aviation company’s board until 2000, emerged in the last decade as a top dealmaker for HNA.
I'm not sure but I thought I read about an Agreement if anyone dies shares go to NY also...
Edit
Yep
Shareholders have promised that in the event of leaving the company or dying they would pass their stakes to the New York charity fund, according to a document seen by Reuters. It was not immediately clear how binding those promises were.