How HNA’s house of cards unravelled

An acquisitive Chinese conglomerate is paying price of biting off more than it could chew. Here's how it got there.

When HNA merged its Hong Kong-based financing arm, HNA Innovation Finance, into its bigger HNA Logistics unit, it cited "streamlining its operations and boosting efficiency" as its rationale.

¬ Haymarket Media Limited. All rights reserved.

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