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HNA and Kai Tak Development

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  1. #21

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    Nov 2005
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    price gone up. less land to buy. they paid close to 10% interest p.a. for the last few years holding onto those land..
    doubt any profit for them to even look at.


  2. #22

    Join Date
    Jul 2004
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    Depends on the payment term and on what terms they got those loans, if any.. Need to dig out Shirley Yam's articles on great HNA Ponzi scheme of SBLC over SBLC and related threads..


  3. #23

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    Jul 2004
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    And finally one of the greatest Ponzi scheme in the history of HK property market gone as expected, leaving the market in deeper shit and did it right under the nose of Xi-Dada and his so-called capital outflow control bla bla..

    Chinas embattled HNA shuts Hong Kong unit as it struggles to repay debt | South China Morning Post


  4. #24

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  5. #25

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    Dec 2002
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    Office space ... how the mighty have started falling.

    Mulberry Land, a wholly owned subsidiary of Hongkong Land, claims the debt-laden Chinese conglomerate owes two instalments one worth HK$3.65 million which had been due on December 1, 2018 and another of HK$4.65 million due on January 1 this year, according to the writ.

    HNA said in a statement on Wednesday that the relevant money has been paid in full and that the delay was due to a liquidity problem. The company did not elaborate.
    https://www.scmp.com/business/compan...ting-surrender
    nivantj likes this.

  6. #26

    Join Date
    Jul 2004
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    And the market that got an unexpected boost from exorbitant bid by this almighty during 2015-16 slump, has also started falling.. Lets see who comes next to rescue this time..


  7. #27

    Join Date
    Dec 2002
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    And ...

    The Hainan government has established a working group to take over the task of working out the debts owed by China’s HNA Group, one of the biggest overseas asset acquirers to have emerged from the country in the last decade.
    https://www.scmp.com/business/compan...virus-outbreak

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