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Vienna/Hainan – The HNA Group and C-QUADRAT are financing 100 lockable prefabricated houses with electricity as part of a relief operation for refugee families in northern Iraq.
Since its establishment, the HNA Group has donated around USD 1.5 billion to a wide range of charitable initiatives. This June, at its annual Charity Night in Paris, the company announced further commitments in excess of USD 35 million.
Chen Feng, Chairman of the HNA Group: „The HNA Group is committed to giving something back to society and helping to improve the lives of people all around the world.“
A Fortune Global 500 company, the HNA Group is primarily active in the fields of tourism, logistics and financial services. Established in 1993, the HNA Group has developed from a regional airline company on the island of Hainan in southern China into an international corporation with assets worth around USD 145 billion, annual sales revenues of over USD 90 billion and an international workforce of 410,000 who work predominantly in America, Europe and Asia.
„Together with the HNA Group, we want to offer displaced families decent accommodation to facilitate their return. We hope that our contribution will permanently improve the circumstances of people in crisis situations,“ says Cristobal Mendez de Vigo, member of the C-QUADRAT management board.
For many years now, C-QUADRAT has been supporting various projects all over the world, focusing mainly on improving the opportunities of children and adolescents from disadvantaged families.
end of announcement euro adhoc
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issuer: C-QUADRAT Investment AG
phone: +43 1 515 66-0
FAX: +43 1 515 66-159
stockmarkets: Frankfurt, Wien
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