HNA Offers Airline Vouchers to Repay Investors Instead of Cash
Photographer: AFP via Getty Images
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A financing platform under HNA Group Co. is offering investors air tickets rather than cash as repayment, the latest sign of the financial stress the Chinese conglomerate is under despite a slew of asset sales.
Shenzhen-based Qianhai Air & Shipping Exchange that sells wealth management products to retail investors online, is offering tickets from Hainan Airlines or Grand China Air to repay what it owes, it said in a statement. The flights can be for both domestic and overseas travel and are valid for five years.