HONG KONG — With billions of dollars in aviation and other assets in play, creditors of China’s bankrupt HNA Group gathered online and in person for their first official meeting on Friday.
The group’s restructuring likely has months or even years to go, with the meeting representing a key step forward in a process that will be felt by companies from Asia to the U.S. and Europe.
HNA Group gained worldwide attention for its aggressive purchases of well-known assets, including the Radisson hotel chain and aviation services company Swissport Group, as well as stakes in a global network of airlines and airports. But HNA and Chinese peers Dalian Wanda Group, Anbang Insurance and Fosun International were forced to rein in their free-spendin…
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