HNA Group bankrupt: China’s largest asset buyer succumbs to loans
HNA Group – an investor or affiliate of more than 18 airlines – has been ...
The South China Morning Post reports:
– HNA Group had at least 1 trillion yuan (US$154.8 billion) of assets as recently as 2017, with at least 500 billion yuan of debt
– HNA Group would cooperate with the court’s review, push forward with the debt restructuring work and support the court to protect the legitimate rights and interests of creditors, the company said