Three listed units of China's HNA disclose embezzlements of nearly $10 bln

  • 1/31/2021
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BEIJING, Jan 31 (Reuters) - Three units of HNA, once China’s most acquisitive conglomerate, said nearly $10 billion had been embezzled by shareholders, in disclosures to stock exchanges that come amid a government-led probe into the deeply indebted group. A total of 61.5 billion yuan ($9.57 billion) had been embezzled by shareholders and other related parties, Shanghai-listed Hainan Airlines Holding Co, HNA Infrastructure Investment Group Co and Shenzhen-listed CCOOP Group Co said late on Friday. (Reporting by Ryan Woo and Meg Shen; Editing by Raju Gopalakrishnan)

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