HNA's liquidity in question as Citic Bank cites repayment issues
Tue, Dec 19, 2017 - 5:50 AM
To ease investor concerns over the conglomerate's ability to pay its debt obligations, HNA Group director Zhao Quan said in a Dec 8 interview that the company has "a healthy and stable debt structure" and there would be no default in the coming year.
CITIC Bank Corp said a unit of HNA Group Co is having difficulty repaying certain short-term debts, just over a week after the Chinese conglomerate said it won't default in the coming year.
HNA Aviation Group Co has had trouble paying bankers' acceptances - debt...