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

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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