HNA Restructuring Postponed as State-owned Carriers Back Away
Heavily indebted and distressed Chinese conglomerate, HNA Group, whose debts amount to at least $187bn, has been reported to delay the submission of a proposal for the restructuring of its airlines-to-property business by three months. Sources said that China’s three...
HNA Group faces $4.6bn in Claims from Retail Investors
Chinese conglomerate HNA Group faces debt claims filed by 60,000 retail investors worth over $4.6bn, as it struggles in a long bankruptcy restructuring. HNA, along with its 320 affiliates, entered bankruptcy restructuring in 2021 with the company facing a total debt...
HNA’s Creditors Seeking Claims of $187bn
HNA Group’s creditors have sought an overall CNY 1.2tn ($187bn) of debt claims against the company as per sources. HNA Group’s reorganization administrators have recognized ~CNY 406bn ($63.4bn) of debt claims so far, as per attendees of the firm’s first creditors...
