China's HNA Group says creditors have applied for its bankruptcy

China's HNA Group says creditors have applied for its bankruptcy

Signage for HNA Group Co. is displayed atop the company's building in Beijing, China, on Thursday, Feb. 1, 2018. Photographer: Giulia Marchi/Bloomberg

China’s HNA Group’s creditors have applied to a Chinese court for the company, once a highly-acquisitive conglomerate, to be placed in bankruptcy and restructured, it said on Friday.