China's HNA Investment scraps $787m private placement plan

China's HNA Investment scraps $787m private placement plan

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

China’s HNA Investment Group Co Ltd said it has scrapped a private placement plan worth 5.2 billion yuan ($786.57 million), as the sprawling HNA conglomerate comes under growing scrutiny from regulators.

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