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HNA Hard Landing

China HNA Hard Landing  News - Caixin Global

After gobbling up billions in assets, HNA has embarked on a global selling spree to pay down debt

HNA Divestitures Reach $14 Bln in Campaign to Reduce Debt

After sale of stake in Shanghai investment concern, conglomerate considers more asset sales this year to further lower debt, source says

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07 31, 2020 04:40 AM

Wanda Sells Chicago Tower for $270 Million in Further Asset Unwinding

Partner Magellan Parcel acquires 90% stake as Chinese conglomerate unloads its last remaining foreign real estate asset in long-running cleanup after breakneck expansion

07 31, 2020 04:22 AM

Former Policy Bank Chief Stands Trial on $12 Million Bribery Charge

Hu Huaibang accused of influence-peddling over a decade and funneling dubious credit to former highflyers CEFC China Energy and HNA Group

07 22, 2020 20:25 PM

Five Things to Know About the Dismantling of Xiao Jianhua’s Tomorrow Holding

The seizures of nine companies linked to the conglomerate mark a major step in regulators’ efforts to unravel fallen tycoon’s financial empire

07 09, 2020 19:07 PM

Former ‘Amazon of China’ Finds New Role at Center of B-List Divorce Drama

Latest chapter in feud between Dangdang co-founders sees estranged husband Li Guoqing detained on allegations of forcibly taking documents from company premises

06 24, 2020 14:32 PM

China’s Growing Dollar Bond Defaults Reveal Depth of Stress

Debt failures in the offshore market have jumped nearly 150% to $4 billion this year

05 29, 2020 23:09 PM

China Business Digest: South Korea Sees New Covid-19 Spike; Chinese Mainland Reports No New Cases

Premier says Covid-19 relief funds should go to companies and individuals in need; China has ‘positive and open attitude’ toward joining CPTPP

05 29, 2020 04:43 AM

Panama Shipper Seeks to Wind Up Debt-Ridden HNA Group, Again

Hong Kong court petition adds to woes of a former high-flying conglomerate facing a pandemic-driven cash crunch while buried under a mountain of debt

05 28, 2020 21:31 PM

China Business Digest: Premier Says China Doesn’t Want Cold War, U.S. Decoupling; HNA Faces Liquidation Case in Hong Kong

Leading Chinese TV maker Hisense plans sale of 17.2% of equity in mixed-ownership restructuring; coronavirus test gear maker MGI Tech raises $1 billion

05 22, 2020 18:47 PM

Charts of the Day: China’s Airlines Bank on Travel Revival After First Quarter Carnage

Big carriers report $700 million losses as balance sheets bleed out due to impact of Covid-19

04 16, 2020 04:00 AM

HNA Bondholders Challenge Vote Favoring Payment Extension

Last-minute reprieve on $55.3 million domestic bond default was engineered, several creditors say in complaints filed with regulators

04 15, 2020 21:08 PM

Troubled HNA Group Dodges Debt Bullet After 11th-Hour Meeting

Aviation-to-leisure conglomerate heads off bond default after investors agree to repayment extension

04 04, 2020 04:40 AM

HNA’s Swissport Hires Houlihan Lokey to Advise on Debt

Beleaguered airport ground services provider weighs restructuring $1.7 billion of debt as it faces new liquidity crisis amid coronavirus pandemic-driven freezing-up of air travel

03 20, 2020 19:57 PM

Ex-Boss of Citic Bank Expelled From Communist Party for Bribery

Sun Deshun abused his power to seek benefits for his relatives and friends, graft buster says

03 11, 2020 19:18 PM

In Depth: How China’s Regulators Dismantled a Financial Empire

Anbang Insurance, brought down by the hubris of its founder, Wu Xiaohui, has undergone radical surgery and is now ready for a new life under new management

03 02, 2020 21:22 PM

HNA’s Home Province Forms Working Group to Lead Rescue

Group will be led by senior official Gu Gang, chairman of Hainan Development Holdings, coordinator of big projects on the island province

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