A look at debt-laden Chinese conglomerate HNA's asset sale run

A look at debt-laden Chinese conglomerate HNA's asset sale run

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

HNA Group Co. is about to sell another piece of land in Hong Kong as the embattled Chinese conglomerate scrambles to repay its debts. The proposal brings total HNA asset sales emerging in recent months to more than $10 billion, or almost two-thirds of the 100 billion yuan ($16 billion) in disposals that the company is said to have targeted by the first half of the year.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter