Liaoning Fangda Group, Hainan Development to settle HNA's retail investor debt

Liaoning Fangda Group, Hainan Development to settle HNA's retail investor debt

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

Liaoning Fangda Group Industrial Co and Hainan Development Holdings will offer cash and equity to settle debt owed to retail investors in China’s HNA Group, the team leading the conglomerate’s restructuring told creditors on Wednesday, two sources said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter