Strapped HNA Raises Funds With Local Government Investment

BEIJING—HNA Group, which is struggling to meet obligations to creditors, has secured local government investment in its subsidiary based at Urumqi in northwest China. The group is also negotiating for the city government of Beijing to increase its stake in Beijing-based Capital Airlines, according...
Bradley Perrett

Bradley Perrett covered China, Japan, South Korea and Australia. He is a Mandarin-speaking Australian.

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