Debt-laden HNA to raise as much as $1.2b from Gategroup's Zurich IPO

Debt-laden HNA to raise as much as $1.2b from Gategroup's Zurich IPO

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

Debt-laden Chinese conglomerate HNA Group Co. is set to raise as much as 1.1 billion francs ($1.2 billion) from Gategroup Holding AG’s Zurich initial public offering.

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