Chinese court gives go-head to merger, restructuring of 321 HNA-related firms

Chinese court gives go-head to merger, restructuring of 321 HNA-related firms

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

A court in Hainan, China, has given the go-ahead to the merger of 321 firms related to the aviation conglomerate HNA Group, paving way for the company to potentially emerge from bankruptcy.

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