HNA had 706.7 billion yuan (US$110 billion) in debt at the end of June 2019. Photo: Reuters
HNA’s woes mount as three listed units disclose embezzlements of nearly US$10 billion by shareholders
- Misappropriation of funds took place at Hainan Airlines Holding, HNA Infrastructure Investment Group and CCOOP Group
- Companies have not disclosed the identities of the shareholders
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HNA had 706.7 billion yuan (US$110 billion) in debt at the end of June 2019. Photo: Reuters