Hong Kong Court Grants HNA Group 6 Weeks Extension for Winding-Up Petition to 14th August 2024 to Allow More Time to Provide Restructuring Plan to Creditors, Defaulted on $200 Million Bond in 2021, Winding-Up Petition Filed by Golden Morning Hong Kong & Ashurst
Shanghai Pudong City | Leading Financial Centre in Asia
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more
2024 / 2025 Summits in Hong Kong & Singapore
Institutional Investor Summit / Roundtable - March / Oct / Nov
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register
This site is for accredited investors, professional investors, investment managers and financial professionals only.
You should have assets around $3 million to $300 million or managing $20 million to $30 billion.
Hong Kong Court Grants HNA Group 6 Weeks Extension for Winding-Up Petition to 14th August 2024 to Allow More Time to Provide Restructuring Plan to Creditors, Defaulted on $200 Million Bond in 2021, Winding-Up Petition Filed by Golden Morning Hong Kong & Ashurst
4th July 2024 | Hong Kong
A Hong Kong court hasgrantedHNA Group 6 weeks extension for the winding-up petition to 14th August 2024 to allow more time for HNA Group to provide restructuring plan to creditors.In 2021, HNA Group had defaulted on the $200 million bond.The winding-up petition is filed by Golden Morning Hong Kong & Ashurst.HNA Group, the China conglomerate which used to be one of the most active investors in the world, is undergoing bankruptcy administration with $187 billion of liabilities and have had global investments including owning 25% of Hilton Hotel.In January 2021, HNA Group declared bankrupt after debt restructuring had failed.In 2017, HNA Group was one of the world’s largest company with more than $50 billion in revenue.In the same year, HNA Group was affected by China’s new regulations to disallow state-owned banks to lend money to Chinese private companies to prevent them from using funding for foreign investments.HNA Group was co-founded in 1993 by Chen Feng and Wang Jian, growing from a regional airline in Hainan (China) into an aviation group with operations across the globe.The Group expanded into many other industries including aviation, real estate, financial services, tourism and logistics, and became one of the most active investors in the world.
“ Hong Kong Court Grants HNA Group 6 Weeks Extension for Winding-Up Petition to 14th August 2024 to Allow More Time to Provide Restructuring Plan to Creditors, Defaulted on $200 Million Bond in 2021, Winding-Up Petition Filed by Golden Morning Hong Kong & Ashurst “
The 2024 Investment Day
4th Sept Hong Kong | 11th / 18th Sept Singapore
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place on 4th Sept 2024 in Hong Kong, 11th Sept 2024 in Singapore. Every March, July & Sept.
Visit | Register here
2024/2025 Institutional Investor Summit / Roundtable
March / Oct / Nov in Hong Kong & Singapore
Join CEOs, CIOs, Senior investment team from Sovereign Wealth Funds, Pension Funds, Endowments, Foundations & Charities in Hong Kong, Singapore & Asia-Pacific at the 2024 Institutional Investor Summit / Roundtable. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here
2024/2025 Investment / Alternatives Summit
March / Oct / Nov in Hong Kong & Singapore
Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here
2024/2025 Private Wealth Summit
April / Oct / Nov in Hong Kong & Singapore
Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here
The 2024 Family Office Summit16th Oct Hong Kong | 23rd Oct Singapore
Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here
HNA Group $56 Million Hong Kong Penthouse Placed on Sale by Creditors
Shanghai Pudong City | Leading Financial Centre in Asia
20th August 2021 – HNA Group$56 million penthouse (4,600 square feet) on one of the most prestigious address in Hong Kong (39 Conduit Road, Mid Levels), has been placed on sale by its creditors. HNA Group, the China conglomerate which used to be one of the most active investors in the world co-founded by Chen Feng, is undergoing bankruptcy with $187 billion of liabilities and have had global investments including owning 25% of Hilton Hotel. The $56 million Hong Kong penthouse was bought in 2015 by holding company Billion Able Corporation, with HNA Group Founder & Chairman Chen Feng listed as a director.
HNA Group Bankruptcy
In January 2021, HNA Group declared bankrupt after debt restructuring had failed.In 2017, HNA Group was one of the world’s largest company with more than $50 billion in revenue.In the same year, HNA Group was affected by China’s new regulations to disallow state-owned banks to lend money to Chinese private companies to prevent them from using funding for foreign investments.
HNA Group was co-founded in 1993 by Chen Feng and Wang Jian, growing from a regional airline in Hainan (China) into an aviation group with operations across the globe.The Group expanded into many other industries including aviation, real estate, financial services, tourism and logistics, and became one of the most active investors in the world.
HNA Group Statement:
On 29th of January 2021, HNA Group received a formal notice from the Hainan High People’s Court. The main content of the notice is: a creditor has filed an application for the initiation of reorganization procedure against our company, on grounds that we cannot pay off due debts to the creditor. HNA Group will comply with the court’s instructions of judicial review in accordance with law, promote the debts disposition actively, support the court to protect the legal rights and interests of creditors in accordance with law, and safeguard our normal business to be operated successfully.
Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.
Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more. List hard-to-find financial & private wealth services.
Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?
