PCVP joins HNA to bring in French style

France's largest vacation real estate company Pierre & Vacances-Center Parcs Group and Hainan Airlines Co Ltd will build three vacation sites with an area of more than 300 hectares in China, to bring the French leisure vacation lifestyle to the Chinese market, the two companies said in Paris and Beijing on Monday.

Following the partnership agreements concluded in November 2015 between HNA Tourism Group and PVCP, HNA purchased 10 percent of the listed French company's newly issued shares earlier this year, worth around 25 million euros ($27.88 million).

By Thursday, the price of PVCP's stocks in the French stock exchange was about 40 euros, meaning there was a gain of around 60 percent gain since HNA made its purchase.