HNA Group, once China’s most aggressive overseas buyer, is aiming to use a luxury house on Hong Kong’s exclusive Victoria Peak as collateral for a loan to help pay off debts incurred during its global shopping spree.
House 6 at Twelve Peaks – one of the most expensive residences in Asia in square footage terms – has been on the market for sale but has so far failed to attract a buyer because of its high price tag, according to a source familiar with the deal.
The asking…
Source : South China Morning Post
Read more…Troubled HNA pledges luxury house on Hong Kong’s Victoria Peak for loan as it tries to repay debts















