David Fickling, Columnist

Here Comes the Great Bailout of China

Soaring markets make this a great time to turn equity into cash.
Qilai Shen/Bloomberg
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HNA Group Co.'s long-awaited restructuring may finally be taking shape.

CCOOP Group Co., an HNA unit and hitherto obscure manager of mainland department stores, will sell new shares in itself to fund a purchase of group assets, according to a statement to the Shenzhen stock exchange.