HNA Group Units Plunge Amid Concerns About Debt, Halted Shares

Shares of Hainan HNA, HNA Innovation, HNA Investment drop
Declines come amid trading halts, speculation about HNA debts

The HNA Group Co. building stands in Beijing, China, on Wednesday, Aug. 9, 2017.Photographer: Qilai Shen/Bloomberg

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By Prudence Ho

January 22, 2018 at 3:32 AM UTC

This article is for subscribers only.

Shares of HNA Group Co. units fell in Shanghai and Shenzhen trading after more of the conglomerate’s subsidiaries halted their stock from trading, pending "major"’ announcements.

Hainan HNA Infrastructure Investment Group Co. fell by the 10 percent daily limit in Shanghai on Monday, while HNA Innovation Co. slumped more than 9 percent. HNA Investment Group Co. sank as much as 5.4 percent.