Property News · March 19, 2018

China’s debt-laden HNA looks to sell more assets as pressure to repay debt weighs


Embattled mainland Chinese conglomerate HNA Group is stepping up its disposals of assets with plans to sell a clutch of office buildings, hotels and other property to repay debt taken on its recent rapid overseas expansion.
A source with knowledge of the situation said the company was eager to cash out from the properties. It has already sold US$13 billion of assets in recent months as it faced increasing pressure from regulators and creditors.
The assets to be sold include the Shanghai HNA…

Source : South China Morning Post
Read more…China’s debt-laden HNA looks to sell more assets as pressure to repay debt weighs

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