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HNA faces bankruptcy threat

HNA Group, one of the largest conglomerates in China, announced on Friday that some of its creditors have filed applications with the High People’s Court in Hainan calling for the company’s bankruptcy and restructuring. HNA has been dealing with a huge debt crisis with total liabilities amounting to RMB700bn ($107bn). The group sought help from …

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HNA Group, one of the largest conglomerates in China, announced on Friday that some of its creditors have filed applications with the High People’s Court in Hainan calling for the company’s bankruptcy and restructuring. HNA has been dealing with a huge debt crisis with total liabilities amounting to RMB700bn ($107bn). The group sought help from …

[post_title] => HNA faces bankruptcy threat [post_excerpt] => HNA Group, one of the largest conglomerates in China, announced on Friday that some of its creditors have filed applications with the High People’s Court in Hainan calling for the company’s bankruptcy and restructuring. HNA has been dealing... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => hna-faces-bankruptcy-threat [to_ping] => [pinged] => [post_modified] => 2021-02-01 08:34:52 [post_modified_gmt] => 2021-02-01 08:34:52 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=135514 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )