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Debt-ridden Chinese conglomerate HNA Group resolves risks after 2 years

Debt-ridden Chinese conglomerate HNA Group said on Sunday that it had succeeded in resolving its debt risks, more than two years after a working group was created to restructure the company’s debts. ....

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World Business Quick Take - Taipei Times

FRANCE
<strong>Bank upbeat on economy</strong>
Economic activity is forecast to continue rising this month, despite another wave of the COVID-19 pandemic, the Bank of France said. Completed at the end of last week, the central bank’s monthly survey of 8,500 firms is the first indicator of how businesses in the eurozone’s second-largest economy are faring since the Omicron variant of SARS-CoV-2 emerged. Based on their responses, the institution estimates economic activity was 0.5 percent above pre-crisis levels last month and would be 0.75 percent higher this month. That means output for the whole fourth quarter would also expand by almost 0.75 percent. ....

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Liaoning Fangda Group, Hainan Development to settle HNA's retail investor debt

Hainan Development Holdings will offer 200 million yuan ($30.93 million) in cash to settle the debt. ....

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Liaoning Fangda Group, Hainan investment body to settle HNA's retail investor debt -sources

Liaoning Fangda Group Industrial Co and Hainan Development Holdings will offer cash and equity to settle debt owed to retail investors in China's HNA Group, the team leading the conglomerate's restructuring told creditors on Wednesday, two sources said. ....

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China's Hainan Airlines ropes in Liaoning Fangda Group as strategic investor

China's Hainan Airlines ropes in Liaoning Fangda Group as strategic investor
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