China’s HNA Group Selling $2B Hong Kong Properties To Cut Debt Burden

China’s embattled  HNA Group is again selling assets to pay down its debt burden. In a statement to the Hong Kong stock exchange Tuesday, HNA unit Hong Kong International Construction Investment Management Group Co Ltd said  it will sell two Hong Kong properties to Henderson Land Development Co Ltd for HK$16 billion (US$2 billion).

China’s Dalian Wanda, HNA May Stage Fire Sale To Balance Books

The great unwinding has begun. Driven by overstretched balance sheets and a government crackdown on lavish overseas spending, China’s two biggest corporate shoppers, Dalian Wanda Group and HNA Group, are set to go on a selling spree. And early indication are that we are about to see a fire sale. Speaking Monday as his company announced results, Wang Jianlin, CEO of Dalian Wanda said the company he heads "will resort to every financial tool to reduce debt, including the disposal of …