HNA Group stated today in a post that the Group received a notice issued by the Hainan Provincial Higher People’s Court that creditors had applied to the court for bankruptcy proceedings to begin “due to HNA Group’s inability to pay off due debts”. The group stated that it will “cooperate with the court in a judicial review”, “actively promote debt restructuring” and “support the court to protect the legal rights and interests of creditors in accordance with the law”. The bottom line is will Central government come to the aid of HNA (again)? We think it is more likely that
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