» » HNA Group trims debt nearly 11 percent, or $11.6 billion, in first half
01092018

HNA Group trims debt nearly 11 percent, or $11.6 billion, in first half

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The total debt of the HNA Group amounted to 657.41 billion yuan (96.25 billion US dollars) at the end of the first half, which is 10.7 percent or 11.6 billion dollars. USA since the end of 2017.
Despite the decline, the Group's total debt to EBITDA was 21.36 times at the end of the first half of the year.

The company reported that the net profit in the first half was 1.3 billion yuan.

The expulsion of HNA for the sale of assets under pressure from Beijing follows a weight of $ 50 billion, led by former co-chairman Wang Jian, who saw that HNA accumulates assets ranging from a stake in Deutsche Bank AG (DBKGn.DE) to large foreign real estate.
Van died during a business trip in France on July 3.

In early August, HNA Group announced the reshuffle of the management to calm concerns about leadership in the conglomerate.

($ 1 = 6.8 million Chinese yuan)



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