A Chinese man has transferred more than 29 percent of HNA Group of China to a private foundation, adding to the questions about the firm’s structure and political connections.
NYS Entity Status
NYS Filing Date
AUGUST 19, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2014 - ANGEL FUND GROUP LLC
AROUND THE WEB
- Behind an $18 Billion Donation to a New York Charity, a Shadowy Chinese Conglomerate
By MICHAEL FORSYTHE and ALEXANDRA STEVENSON - Wednesday Jul 26, 2017
- Third Point, a Hedge Fund, Sets Its Activist Sights on Nestlé
By MICHAEL J. de la MERCED - Sunday Jun 25, 2017
The fund, run by Daniel S. Loeb, has called on the Swiss food giant to sell its stake in L’Oréal and move more quickly to adapt to changing consumer tastes.
- Rapper Common surprises students at NY school, donates money
By MESFIN FEKADU, AP Music Writer - Thursday Jul 20, 2017
Rapper Common surprises students at NY school, donates moneyNEW YORK (AP) — Oscar and Grammy winner Common surprised a group of New York students by donating $10,000 to help their teachers buy supplies like calculators and science kits.The rapper-actor partnered with the nonprofit AdoptAClassroom.org and Burlington Stores to give Renaissance School of the Arts in Harlem the funds on Thursday.Jadon-Li M. Antoine, an aspiring musician, actor and dancer, said Common's visit motivates him to keep aiming for his dreams.Burlington has been raising money from its 599 stores to help other schools, asking customers to donate $1 or more.
- Futuristic NY pier project pits billionaire vs billionaire
By VERENA DOBNIK, Associated Press - Sunday Jul 23, 2017
Proponents and opponents of the $250 million project plan to meet Monday to try and reach a settlement that would avoid more legal action in a conflict that has pitted media mogul Barry Diller and his wife, fashion maven Diane von Furstenberg, against Douglas Durst, the real estate developer and skyscraper baron.The plan to tear down the old, deteriorating Pier 54 on the Manhattan waterfront and replace it with a new structure, Pier 55, seemed like a fait accompli when it was first announced in 2014.Opposition emerged, though, partly based on environmental concerns about the pier's impact on aquatic life, and partly rooted in complaints from some over the way in which the project had been planned without broader public input."The way they've operated is like moving plants around their personal backyard," said Emery, a civil rights attorney representing the nonprofit City Club of New York, a civic group fueling the contrarian position.Durst recently acknowledged that he had quietly funded the lawsuits — two unsuccessful ones in state courts, and a third that resulted in a federal court revoking the project's permit this past March.Durst's estranged brother, Robert Durst, was acquitted in the death of an acquaintance in Texas and is now facing charges in Los Angeles that he killed a longtime friend because he feared she might divulge incriminating information regarding the 1982 disappearance of his first wife.
- Shareholders Demand More Drastic Shifts at Nestlé
By STEPHANIE STROM - Tuesday Jun 27, 2017
The changes requested by the Third Point hedge fund underscore the idea that legacy food brands must radically shake up their portfolios to remain profitable.
- Rooted in Counterculture, Whole Foods’ Founder Finds an Unlikely Refuge
By MICHAEL J. de la MERCED and ALEXANDRA STEVENSON - Friday Jun 16, 2017
John Mackey wanted to fight off the activist investors attacking Whole Foods. He found a savior in Amazon, a company blamed for laying waste to retailers.