Financial News
Written by: Zhang Weilun
2021-02-02 12:13
The last update date: 2021-02-02 12:13
Fudao Group (3848) announced that one of its customers, Grand China Airlines and its subsidiaries, was applied for debt restructuring and reorganization, and pointed out that the customer’s outstanding financial lease receivables amounted to RMB 250 million.
Grand China Airlines is a subsidiary of HNA.
In view of debt restructuring and reorganization, Fudao's board of directors believes that debt restructuring and reorganization may have a significant impact on the company's business or financial status.
The company will closely monitor the progress of debt restructuring and take appropriate measures to minimize the negative impact on the company.
HNA’s creditors apply to the court for bankruptcy reorganization, saying it will actively carry out debt disposal work
HNA's multi-issue corporate bonds are downgraded and the trading method has changed significantly
U.S. private equity fund buys HNA's Ingram Micro for 56.2 billion
HNA Group
