Coupon Code: 11423 ENGLISH | 简体中文

Tourism News Share wonderful travel information

booking

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

Prev: Beijing travel and tourism revenue plunged 53% in 2020

Next: Smart hotel tech firm raises $45.6 million; Chinese are now more open to travel

Back

Wyndham Hotel Xian traffic info

Business zone:Chengdong / Xijing Hospital / Commodity Wholesale Market
Area:xinchengqu
Address:Shaanxi · Xi'an · xinchengqu - 189 North Jinhua Road (Jinhua Bei Lu) Xincheng District Xi'an 710032 China | 110m from Metro Station:Tong Hua Men Station