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China's HNA restructuring plan approved

10/25/2021| 3:10:24 PM|

The plan said 320 HNA-related companies will be integrated into HNA's bankruptcy reorganization.

China's HNA Group and its related companies have voted to approve the company's restructuring plan, information on the National Enterprise Bankruptcy Information Disclosure Platform showed on Saturday.

A court in Hainan, where the group is based, conducted a creditors' conference for voting in September and required a deadline of October 20. The court on Saturday announced the approval of the plan in accordance with the country's bankruptcy laws.

The plan said 320 HNA-related companies will be integrated into HNA's bankruptcy reorganization.

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TAGS: HNA | restructuring plan
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