The court allows the merger of 321 HNA Group-linked firms as part of restructuring efforts
A court in China has given the green light for the merger of 321 companies linked to troubled HNA Group, including its aviation assets, to speed up restructuring efforts. The Hainan High People’s Court ruled on 15 March that the merger would also ensure “fair compensation” to all its creditors, given that HNA Group effectively controlled the firms. I …