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Factbox: Units of China's indebted HNA Group whose shares are under trading halts
Nearly half of Chinese conglomerate HNA Group's [HNAIRC.UL] listed units have suspended trading in their shares since November as the group faces rising financing costs after a $50 billion acquisition spree over the past two years.
Seven HNA firms, with a combined market value of $30.6 billion, halted trading of their shares, pending announcements. Investors are jittery about further suspensions as the group's debt-fueled acquisitions and opaque ownership structure have sparked global regulatory scrutiny.
The U.S. government will not approve any investment by HNA until it provides adequate information on who its shareholders are, a source familiar with the situation said.
This week, the head of the aviation leasing arm of China Development Bank said the policy bank was willing to help HNA Group as the Hainan-based group has solid airline operations and it would serve nobody's interest to see it collapse.
Comments
Testing mobile
This is test from my mobile...
2018-02-17 19:56:49
Hu Man
Some of Chinese government officials are part owners of HNA. That's why there is no limit of funding
2018-02-15 18:27:09
asia