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The Waldorf Astoria on October 6, 2014 in New York City. Anbang Insurance Group bought the Waldorf from Hilton Hotel group for $1.95 billion in 2014.
Bloomberg reported on Monday that Anbang, best-known overseas for the record-breaking purchase of the Waldorf Astoria hotel in New York, was told to make the disposals and repatriate the proceeds.
“Anbang has not received orders from (Chinese) regulators to dispose our assets overseas,” a Hong Kong spokesperson said.