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HNA at point of 'life or death' as coronavirus dims revival hopes

Bond repayments loom while asset sales and aviation business stall

HNA Group's headquarters in Haikou: The Chinese conglomerate is juggling a huge debt burden.   © Reuters

HONG KONG -- Companies do not readily admit reaching a point of "life and death."

So when HNA Group did just that in a social media post, it was evident that Executive Chairman Gu Gang's attempts to deal with a crushing debt burden at the formerly acquisitive Chinese conglomerate had not been going smoothly.

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