Home / India / China’s HNA Group Turns to Prized Assets to Borrow Cash

China’s HNA Group Turns to Prized Assets to Borrow Cash

Indebted Chinese conglomerate HNA Group Co. has turned to using some of its most liquid and valuable assets to borrow more cash, after some of its traditional financing avenues have become too costly or difficult to pursue.

The airlines-to-hotels group disclosed in a regulatory filing this week that it had lent out more than half its shares in one of China’s largest banks in exchange for a loan.

HNA…

News credit : Wsj

Check Also

A paper showing how to make a smallpox cousin just got published. Critics wonder why

One of the paper’s authors, Tonix CEO Seth Lederman, says he is “obsessed” with Edward Jenner, …

Leave a Reply

Your email address will not be published. Required fields are marked *