Hong Kong Judge Orders Liquidation of HNA Investment Unit
- Unit received a wind-up petition from a creditor in April
- HNA Group was once known for its purchases of assets overseas
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An investment arm of HNA Group Co., the Chinese conglomerate once known for its purchases of overseas assets, was ordered to liquidate by a Hong Kong court on Monday.
The decision against HNA Group (International) Co. came after law firm Ashurst Hong Kong filed a winding-up petition against the unit in April.