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Cover Story: HNA Group’s Final Crisis

2021年02月22日 19:12 来源于 财新网
After surviving SARS, 2008 and years of liquidity crunch, former high-flyer lands in bankruptcy reorganization after pandemic cripples its main travel business
A restructuring plan aims to repay HNA Group creditors within five to eight years.

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 billion) of assets

版面编辑:喻竹杨洋
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