In today’s roundup of regional news headlines, a New York skyscraper owned by failed Chinese conglomerate HNA files for bankruptcy, mainland developer Yango asks for an extra year to repay holders of its asset-backed securities, and a Hong Kong developer… Read More>>
HNA Pledges HK$3B Stake in Kai Tak Developer to PAG in Return for Loan
What was once the site of one of Asia’s most challenging airports is rapidly turning into a lifesaver for China’s debt-addled HNA Group after the mainland conglomerate announced a deal yesterday that could provide it with a loan of as… Read More>>
Global Investment Powerhouse HNA’s Development Division Lost $68M in 2016
China’s HNA Group became one of the world’s biggest investors last year by purchasing more than $10 billion in US assets last year, and snatched up at least that much or more in Europe, Asia and Australia. This string of… Read More>>