How Are HNA's $16 Billion in Disposals Going? We've Kept Score
(Bloomberg) -- HNA Group Co. is about to sell another piece of land in Hong Kong as the embattled Chinese conglomerate scrambles to repay its debts. The proposal brings total HNA asset sales emerging in recent months to more than $10 billion, or almost two-thirds of the 100 billion yuan ($16 billion) in disposals that the company is said to have targeted by the first half of the year.
The disposals, driven by a liquidity squeeze at HNA, have mainly been real estate and shares. Here’s a breakdown:
There are potentially more than $5 billion of asset sales that have yet to emerge. HNA’s real estate properties were valued at more than $14 billion as of the end of last year, according to Real Capital Analytics estimates, and data compiled by Bloomberg shows the group has about $27 billion in shareholdings, including stakes in Deutsche Bank AG.
Below is a list of links to other stories on individual asset sales.
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