Caixin
Nov 07, 2018 05:01 AM
FINANCE

HNA Unit to Repay Online Investors Over 18 Months

HNA spent $80 billion on overseas assets, much of it borrowed as debt ballooned to $111.5 billion by last year. Photo:VCG
HNA spent $80 billion on overseas assets, much of it borrowed as debt ballooned to $111.5 billion by last year. Photo:VCG

HNA Group’s online investment platform outlined a plan to make delayed repayments to investors over 18 months or longer as the sprawling conglomerate’s liquidity crisis continues.

The delayed payments by HNA’s Jubaohui first came to light in January when the parent company officially acknowledged a cash crunch. HNA has since moved to sell billions of yuan of assets.

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