 NEW YORK, May 12, 2020 GLOBE NEWSWIRE -- HC2 Holdings, Inc. HC2 or the Company NYSE: HCHC, a diversified holding company, announced today that the Company, through an indirect subsidiary in which HC2 holds an approximate 73 equity interest, has completed the first close of the sale of its 30 stake in Huawei Marine Networks Co., Limited HMN, its 49-owned equity investment, to Hengtong Optic-Electric Co Ltd Hengtong. 