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HNA Group-linked stocks tumble after bankruptcy petition

Hainan Airlines falls by nearly 10% after disclosing $7bn loss on group dealings

Shares of HNA Group flagship Hainan Airlines fell by nearly the maximum 10% allowed on the Shanghai Stock Exchange on Feb. 1.   © AP

HONG KONG -- Shares of companies under China's embattled HNA Group fell heavily on Monday following the disclosure over the weekend that bank creditors had petitioned for a court-supervised bankruptcy restructuring of the conglomerate in its home province of Hainan.

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