By Stella Qiu and Brenda Goh
By Stella Qiu and Brenda Goh
BEIJING, March 10 (Reuters) – China’s HNA Group HNAIRC.UL will work to extend cashflow and resolve liquidity difficulties as enterprise operations resume, its newly appointed govt chairman mentioned on Tuesday because the agency battles with the fallout from the coronavirus outbreak.
The cash-strapped conglomerate will deal with collectors and capital markets with honesty and respect, and won’t conceal from any points, Gu Gang instructed an inside assembly, in accordance with a publish on the corporate’s official WeChat account.
They’re the primary remarks from Gu who assumed the function of heading a government-backed working group devoted to addressing HNA’s liquidity dangers on the finish of February, after the corporate requested the native authorities for assist.
“Work within the earlier stage, resulting from concerted efforts from firm cadres, has achieved some optimistic outcomes. We now have received a deal with on issues and given confidence to all events,” mentioned Gu, though he added that the corporate was nonetheless in a state of battle in its efforts to sort out monetary dangers.
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