The rumors started after one of Tianhai Investments’s subsidiaries suspended the trading of its shares on the Shanghai Stock Exchange pending a “major announcement”.
A statement sent to the SSE yesterday claimed: “Ingram Micro is an important, strategic investment project to the company and is a key cornerstone and asset to the company’s transformation and development.”
Ingram Micro said: “We have spoken with executives at HNA Group and Tianhai Investment who have confirmed that the trading halt in Tianhai Investment shares is not related to any plan to sell Ingram Micro.
“Per the HNA executives, Ingram Micro is a major strategic investment for HNA Group and a cornerstone in Tianhai Investment’s development and technology transformation.”
HNA acquired Ingram Micro for $6 billion in 2016.