HONG KONG -- The three listed HNA Group companies that last month reported irregular outflows of substantial amounts of cash have unveiled blueprints to reclaim what they say was taken by their parent and its affiliates.
China debt crunch
HNA Group units seek repayment of funds siphoned off by parent
Three companies' plans are another step toward restructuring of conglomerate
HNA Group revealed on Jan. 29 that its creditors had filed a petition with the Hainan Province High People's Court to reorganize the conglomerate. © Reuters
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