20 Feb HNA property unit pledges 41 pct stake as collateral for loan
HONG KONG, Feb 21 (Reuters) – A HNA Group unit
said it has pledged about 41 percent of the company as
collateral for a loan from a Hong Kong private equity firm, part
of a slew of fundraising efforts by the Chinese conglomerate to
address a liquidity crunch.
said it has pledged about 41 percent of the company as
collateral for a loan from a Hong Kong private equity firm, part
of a slew of fundraising efforts by the Chinese conglomerate to
address a liquidity crunch.
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