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NYC Hotels Seek Relief from Penalty for Late Property Taxes

HNA Units Make Plans to Claw Back $17 Billion Misused Funds

HNA Units Make Plans to Claw Back $17 Billion Misused Funds Bloomberg 2/10/2021 Shirley Zhao and Daniela Wei (Bloomberg) Three listed units of China’s indebted HNA Group Co. announced plans to recoup at least 112 billion yuan ($17 billion) of misused funds, undisclosed debt guarantees and questionable investments by its major shareholders and their affiliates. Popular Searches Flagship Hainan Airlines Holding Co. will ask its parent to repay part of its debt while two other group firms are paring the stake held by their controlling shareholders. The carrier will transfer interest-bearing debts of at least 72.5 billion yuan to HNA and HNA Aviation Group Co., holding them responsible for the wrongdoings, according to a Feb. 9 exchange filing. The plan has been endorsed by the majority of its creditors, the filing said.

HNA units make plans to claw back US$17b in misused funds

(Feb 10): Three listed units of China’s indebted HNA Group Co announced plans to recoup at least 112 billion yuan (US$17 billion) of misused funds, undisclosed debt guarantees and questionable investments by its major shareholders and their affiliates. Flagship Hainan Airlines Holding Co will ask its parent to repay part of its debt while two other group firms are paring the stake held by their controlling shareholders. The carrier will transfer interest-bearing debts of at least 72.5 billion yuan to HNA and HNA Aviation Group Co, holding them responsible for the wrongdoings, according to a Feb 9 exchange filing. The plan has been endorsed by the majority of its creditors, the filing said.

Amazon com, Inc (NASDAQ:AMZN), Biogen Idec Inc (NASDAQ:BIIB) - Barron s Picks And Pans: Amazon, Biogen, Casey s General Stores, Hilton And More

Amazon com, Inc (NASDAQ:AMZN), Biogen Idec Inc (NASDAQ:BIIB) - Barron s Picks And Pans: Amazon, Biogen, Casey s General Stores, Hilton And More
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

Latest trending report on Travel and Tourism Spending market is booming globally by top key players| Carnival Corporation, Airbnb Inc , G Adventures, etc – KSU

Reports Monitor has recently added a new report to its vast depository titled Global Travel and Tourism Spending Market. The report studies vital factors about the Global Travel and Tourism Spending Market that are essential to be understood by existing as well as new market players. The report highlights the essential elements such as market share, profitability, production, sales, manufacturing, advertising, technological advancements, key market players, regional segmentation, and many more crucial aspects related to the Global Travel and Tourism Spending Market. A holistic study of the market is made by considering a variety of factors, from demographics conditions and business cycles in a particular country to market-specific microeconomic impacts. The study found the shift in market paradigms in terms of regional competitive advantage and the competitive landscape of major players.

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