Caixin
Sep 14, 2018 07:23 PM
BUSINESS & TECH

Cash-Strapped HNA Unit Misses Loan Repayment

A view of a HNA office building in downtown Beijing. Photo: VCG
A view of a HNA office building in downtown Beijing. Photo: VCG

A tourist site development unit of embattled HNA Group has missed a repayment on a loan extended by a trust company, in the latest sign of distress coming from the debt-heavy group.

HNA Innovation Co. Ltd.’s missed payment was first reported in a disclosure (link in Chinese) by Hunan Trust Co. Ltd. on Thursday, and later confirmed by (link in Chinese) HNA Innovation, according to separate statements from each side.

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