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Debt-riddled HNA needs more time to arrange financing for luxury Hong Kong project

Debt-riddled HNA needs more time to arrange financing for luxury Hong Kong project

From TRD LA: A subsidiary of HNA Group has once again asked for more time to arrange financing for a luxury development planned for the former Kai Tak airport in Hong Kong, as the company struggles to deal with its mounting debt. Hong Kong International Investment Group Co. asked for six more months to arrange a bridge loan for the project and received an extension through July 15, Bloomberg reported. HNA, which has racked up significant […]


Source: realdeal

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