China: HNA unit sells 12% stake in US firm Dorian LPG at loss to pare debt

China: HNA unit sells 12% stake in US firm Dorian LPG at loss to pare debt

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

A unit of debt-laden HNA Group Co. sold its stake in a U.S. shipping company at a loss as pressure intensifies for the Chinese conglomerate to repay its mounting debts.

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