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China debt crunch

Investors eye key assets in HNA Group bankruptcy restructuring

Creditors gather for first meeting as affiliates count losses from web of links

HNA Group's restructuring took a key step forward with the first official creditors meeting.   © Reuters

HONG KONG -- With billions of dollars in aviation and other assets in play, creditors of China's bankrupt HNA Group gathered online and in person for their first official meeting on Friday.

The group's restructuring likely has months or even years to go, with the meeting representing a key step forward in a process that will be felt by companies from Asia to the U.S. and Europe.

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