Battle for Hong Kong Airlines brings to light complex web of HNA's holdings

Battle for Hong Kong Airlines brings to light complex web of HNA's holdings

The HNA Group Co. building, right, stands in Beijing, China, on Thursday, Feb. 1, 2018. Photographer: Giulia Marchi/Bloomberg

Shareholders summoned by Hong Kong Airlines this month for a meeting were greeted with some shocking news: the airline needed at least HK$2 billion ($254.99 million) in fresh funds or it would lose its operating licence.

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