Property News · January 10, 2019

Debt-saddled HNA Group sued for HK$8.3 million in costs relating to surrender of Hong Kong office space


Embattled HNA Group is being sued by its office landlord in Hong Kong’s main business district over a debt of about HK$$8.3 million (US$1.06 million), according to a writ filed with the city’s High Court.
The unpaid money is the costs allegedly incurred by HNA when it surrendered five floors of office space at Three Exchange Square, in Central, as part of a cost-cutting exercise, two sources close to the matter said.
Mulberry Land, a wholly owned subsidiary of Hongkong Land, claims…

Source : South China Morning Post
Read more…Debt-saddled HNA Group sued for HK.3 million in costs relating to surrender of Hong Kong office space

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