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HNA seeks long-term investment in step toward bankruptcy restructuring

2021/3/28 12:06:01
The once high-flying Chinese conglomerate HNA Group is seeking strategic investors for its airline, airport and retail businesses after receiving court approval to include the giant and 320 of its related companies in a single bankruptcy restructuring case.

HNA’s decision offers a glimpse at which parts of the conglomerate’s sprawling business empire might survive restructuring as the company attempts to crawl out from under the heap of debt it amassed during a global buying binge.

In one of the announcements, HNA’s restructuring team said that would-be strategic investors will be required keep operations of the private conglomerate’s core airline business unchanged. Specifically, investors won’t be allowed to sell any of HNA’s airlines, such as Shanghai-listed Hainan Airlines which is in danger of being delisted.
Author:管理员

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Sheraton Shanghai Waigaoqiao Hotel traffic info

Business zone:Waigaoqiao?Bonded?Area
Area:pudongxinqu
Address:Shanghai · Shanghai · pudongxinqu - 28 Jilong Road (Jilong Lu), Pilot Free Trade Zone Pudong New Area Shanghai 200131 China | 620m from Metro Station:North Waigaoqiao Free Trade Zone