CX Daily: HNA Group's Final Crisis - Caixin Global
CX Daily: HNA Group’s Final Crisis A restructuring plan aims to repay HNA Group creditors within five to eight years. Bankruptcy restructuring / The final crisis for China’s formerly high-flying HNA Group Co. Ltd. began unfolding two weeks before the Lunar New Year holidays. Creditors of HNA and its three core listed companies petitioned a court to order a bankruptcy restructuring after the giant conglomerate failed to repay trillions of yuan in debts. The reorganization may involve as many as 500 companies in a sprawling enterprise that at its peak tallied 1.2 trillion yuan ($171 bill...
Source: caixinglobal.com