BEIJING/SHANGHAI (Reuters) – China plans to take over HNA Group Co and sell off its airline assets as the coronavirus outbreak has hit the conglomerate’s ability to meet financial obligations, Bloomberg reported on Wednesday, citing people familiar with the matter. The government of Hainan, the southern province where HNA is based, is in talks to take control of the group, the report said. HNA did not immediately respond to requests for comment on the Bloomberg report. …read more
Source:: Yahoo Finance
