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Chinese banks funding HNA's global buying spree getting cold feet

Tuesday, July 25, 2017 - 05:50

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HNA took on at least US$73 billion of debt as it transformed from an obscure regional airline into a worldwide conglomerate with multi-billion- dollar stakes in Hilton Worldwide and Deutsche Bank.

Beijing

SEVERAL Chinese banks that helped fund HNA Group Co's global acquisition spree are losing their appetite for financing the company, according to people familiar with the matter.

Three of the banks have decided to stop extending new loans to HNA, said the people, who asked

sentifi.com

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