Tough times ahead for HNA as Chinese conglomerate faces liquidity crunch

Tough times ahead for HNA as Chinese conglomerate faces liquidity crunch

The HNA Group Co. building stands in Beijing, China, on Wednesday, Aug. 9, 2017. Photographer: Qilai Shen/Bloomberg

The crisis surrounding HNA Group Co. deepened after it emerged that the Chinese company’s ability to repay its debt will face a potential shortfall of at least 15 billion yuan ($2.4 billion) in the first quarter.

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