A once high-flying mainland investor has been grounded by the courts after failing to make a $5,300 payment ordered in a lawsuit judgement, landing HNA Group at the top of the news once again.
Also in… Read More>>
Hainan Officials Take the Controls as HNA Sends Distress Call
The Hainan government has moved to take direct control of HNA Group with the appointment of two state officials to leadership roles on the company’s board, according to announcements over the weekend by the financially troubled aviation and investment conglomerate.
China’s HNA Real Estate Takes Real Estate Out of Its Name
HNA Real Estate Holdings has been having a close-out sale of some of its biggest assets this year, but now the property division of China’s best-known, and most-indebted, aviation conglomerate is going a step further by taking the words real… Read More>>
HNA Cancels RMB 1.3B Sale of Beijing Office Building to Vanke
Financially-troubled HNA Group on Tuesday announced to the Shanghai Exchange that its shareholders have rejected a RMB 1.3 billion ($190 million) deal to sell a Beijing office tower to China Vanke, which the two companies had agreed to in late… Read More>>
HNA Shopping $11B in Properties as Cash Crisis Continues
Troubled Chinese conglomerate HNA Group has put on the market property assets said to be worth up to $11 billion in its latest move to steady the ship, according to a Reuters account.
HNA has provided lists containing some 82… Read More>>
China Orient Predicts Surge in Bad Real Estate Loans and More Asia Real Estate Headlines
China’s turbulent financial markets lead today’s real estate news from around the region as one of the mainland’s four major “bad asset banks” predicts trouble for overstretched developers. Despite the turmoil further north, investors in Singapore are still showing enthusiasm… Read More>>
Blackstone Chief Presents Brand of the Year Award to HNA
Chinese conglomerate HNA has faced a barrage of bad news lately, as four of its mainland-listed companies halted trading and the once super-buyer has now turned high-interest borrower.
There was at least a ray of sunshine for the airlines to… Read More>>
HNA Boss Launches Hong Kong Charm Offensive After Record Kai Tak Deals
HNA may have shattered price records when it scooped up a series of residential sites in Kai Tak in recent months, but the mainland conglomerate says it’s all part of an effort to tame the city’s skyrocketing housing costs.
The… Read More>>
HNA Mega-Buys Turn Spotlight on Private Firm’s Govt Credit and More Asia Real Estate Headlines
Popping up in today’s headlines, HNA is the latest Chinese dealmaker to grab the attention of the New York Times, who look into how a privately-held company gets a $60 billion line of credit from government banks. Also in the… Read More>>
China’s HNA Adds to $14B US Total with $360M Chicago Office Deal
HNA Group is reportedly acquiring a 50-storey Chicago office tower for nearly $360 million as the mainland conglomerate adds to its tally of more than $14 billion in US acquisitions over the past year.
An HNA affiliate has agreed to… Read More>>
