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Troubled Chinese conglomerate missing up to $15 billion

Troubled Chinese conglomerate missing up to $15 billion
Joe Mcdonald
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Copyright 2020 The Associated Press. All rights reserved
A man wearing a face mask to protect against the spread of the coronavirus walks past a ticket counter for Hainan Airlines, owned by Chinese firm HNA Group, at Beijing Capital International Airport in Beijing, Friday, March 6, 2020. HNA Group, a debt-burdened Chinese airline operator that faced opposition in Washington to its attempt to buy a Wall Street hedge fund during a costly global acquisition spree, says its creditors have asked a court to declare the company bankrupt. (AP Photo/Mark Schiefelbein)
BEIJING – Companies that are part of HNA Group, a Chinese conglomerate that says creditors want it declared bankrupt after a global acquisition spree, want to recover as much as $15 billion that might have been paid out improperly to major shareholders. ....

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