HNA slammed for ‘surprise attack’ after last-minute investor meeting allows it to delay bond repayment

HNA logo_PA_575px_16Apr2020
By Addison Gong
16 Apr 2020

Chinese conglomerate HNA Group delayed the repayment of an outstanding bond this week, after an 11th-hour meeting that investors and bankers sharply criticised. Addison Gong reports.

The beleaguered company was due to repay Rmb390.4m ($55.3m) on Wednesday this week. But at 8pm on Tuesday, HNA executives held an impromptu meeting and told investors of their plan to extend the principal and interest payment of the deal.

That caught many investors by surprise. The official ...

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