Business
A Chinese court has given the green light for the $172 billion restructuring of debt-laden conglomerate HNA Group.
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A Chinese court has given the green light for the $172 billion restructuring of debt-laden conglomerate HNA Group.
We’re not talking about theoretical money here. The impact will be felt in hard cash, worldwide, if Evergrande collapses.
Chinese property giant Evergrande had agreed a plan to repay interest on one of its key bonds.