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

05 29, 2020 23:09 下午

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 上午

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 下午

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 下午

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 上午

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 下午

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 上午

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 下午

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 下午

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 下午

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

02 29, 2020 22:03 下午

Coronavirus Live Updates | Saturday: China PMIs Hits Historic Low, Iran and South Korea Outbreaks Grow

Beijing suspends taxis out of city; Wuhan doctors release autopsy findings; Hainan takes over HNA debt

02 29, 2020 21:30 下午

China to Manage HNA’s Debt as Virus Pushes Group Over the Edge

Hainan government appoints executive chairman for company after renewed focus on aviation and tourism ahead of coronavirus outbreak spelt doom for corporate giant

02 21, 2020 22:02 下午

Government Team to Deal With HNA’s Worsening Liquidity Crisis

Hainan provincial government to hatch plan to ease its cash crunch, sources say

02 21, 2020 14:14 下午

Airlines Warn of First Global Traffic Drop Since 2009 on Virus

The drop would be the first overall decline since the financial crisis

02 13, 2020 20:23 下午

Prosecutors Sign Off on Arrest of Former Boss of Policy Bank CDB

Authorities have issued a warrant for Hu Huaibang, who is under suspicion for taking bribes

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