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HNA Unit's Lenders Threaten to Seize Assets After Default

  • Unit told to repay debt by April 17 to prevent asset freeze
  • Cross-default triggered on its HK$766 million loan facility
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HNA Unit Defaulted on Recent Loan
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A unit of HNA Group Co. defaulted on a loan it took out less than seven months ago, the latest in a string of missed payments that threaten to complicate the embattled Chinese conglomerate’s restructuring.