HNA Group Delays Loan Repayments to Employees, Investors on Internet-Lending Platform - News Summed Up

HNA Group Delays Loan Repayments to Employees, Investors on Internet-Lending Platform


HNA Group Co. has fallen behind in repaying loans it obtained from employees and individual investors on an internet-lending platform, another sign that the Chinese conglomerate is having difficulty meeting some of its debt obligations. A unit of HNA told employees in an email Tuesday that payments on investment products they previously purchased would be delayed, according to a person familiar with the matter.


Source: Wall Street Journal January 03, 2018 11:07 UTC


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