Creditors of the HNA Group have been given the go-ahead to sell its assets after the Hainan High Court in HNA’s home province on Sunday approved the multibillion dollar restructuring of China’s largest corporate bankruptcy case.Up for grabs are 321 companies out of more than US$40 billion of HNA’s corporate assets spread out in aviation, airports, finance and commerce, including a 45-storey Manhattan office tower and a luxury villa in Hong Kong’s most exclusive residential address.Three of the…
Source : South China Morning Post
Read more…HNA’s creditors get the go-ahead to sell global assets in multibillion dollar restructuring, including property in New York, Hong Kong
