ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
China debt crunch

Chinese court says troubled HNA Group's businesses highly chaotic

Ruling cites governance failure and merges 320 affiliates in restructuring

The People's High Court of Hainan Province chose the path of essentially combining HNA Group companies after concluding that they are distinguished only by their names.   © Reuters

HONG KONG -- A Chinese court has ruled that HNA Group's corporate management was "highly mixed up" and more than 300 of its affiliates did not function as independent companies.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more