atans1

HNA: From hero to zero

In China on 17/12/2017 at 5:50 pm

But China Inc helps out prodigal son.

From NYT Dealbook

A beleaguered Chinese conglomerate soldiers on
Goldman Sachs and Bank of America won’t work with it anymore. Investors are starting to feel spooked. But HNA is still doing deals — with help from its country’s lenders.
Several Chinese lenders have indicated that they could extend HNA’s credit lines despite concerns that the conglomerate has spent too much on foreign acquisitions, at least according to HNA.
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