HNA had 706.7 billion yuan (US$110 billion) in debt at the end of June 2019. Photo: Reuters
HNA had 706.7 billion yuan (US$110 billion) in debt at the end of June 2019. Photo: Reuters
HNA Group
Business /  Companies

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

Reuters
Reuters

Updated: 6:21pm, 31 Jan, 2021

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HNA had 706.7 billion yuan (US$110 billion) in debt at the end of June 2019. Photo: Reuters
HNA had 706.7 billion yuan (US$110 billion) in debt at the end of June 2019. Photo: Reuters
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