Adds value modifications for different HNA group corporations
Adds value modifications for different HNA group corporations
BEIJING/SHANGHAI, March 2 (Reuters) – Shares in HNA Group-controlled corporations rose on Monday after the Chinese language conglomerate mentioned it had requested the federal government to assist it resolve liquidity dangers attributable to the coronavirus outbreak.
Hainan Airways 600221.SS, the flagship of HNA Group HNAIRC.UL, rose by nearly 3% by 0210 GMT, whereas HNA Expertise Investments Holdings 2086.HK surged greater than 70%.
Different models akin to HNA Funding Group 000616.SZ and HNA Expertise 600751.SS additionally noticed their costs climb.
HNA Group, which was as soon as one in every of China’s most aggressive dealmaking corporations, mentioned on Saturday it had requested the federal government of China’s province of Hainan to steer a piece group because it was not capable of cope with the liquidity dangers itself.
HNA straight owns or holds stakes in quite a lot of native Chinese language carriers, and is amongst many corporations pressured by the coronavirus outbreak that has compelled…