Debt-laden China HNA Group seeks up to $1.5b in new fund

Debt-laden China HNA Group seeks up to $1.5b in new fund

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 unit of debt-laden Chinese conglomerate HNA Group is seeking to raise as much as $1.5 billion by the end of this year in an investment fund that will serve as the group’s primary vehicle for global acquisitions, a document reviewed by Reuters showed.

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