The case of HNA Group’s bankruptcy restructuring has become increasingly confusing. China Economic Weekly, a subsidiary of the powerful People’s Daily, broke the news that the group’s “major shareholders” and their “affiliated companies” were taking funds, with undisclosed guarantees amounting to more than $100 billion. Strangely, the report did not provide the names of the “major shareholders” and details of their “affiliated companies”. If the authorities have identified the group’s misappropriation of funds, and the amount is so large, but the names of the suspects and related information are not mentioned at all, what is the Medicine of the gourd?
Some analysts believe that this “toothpaste” (squeeze toothpaste) type of disclosure, “want to talk but still rest” narrative, just shows that the high-level wrestling is still ongoing. Some people in the outside world have long believed that “HNA Group has a close relationship with Vice President Wang Qishan”, but the reports did not break this point, which seems to reflect that the bargaining in the core of power is still going on!
About a year ago, rumors about HNA Group being taken over by the Hainan provincial government and its property and assets being transferred to three major restructuring were rampant, but at the Time, the land media “First Financial” quoted “authoritative sources” as saying, “These are all gossip, catching wind and taking things for granted. ” One year later, is there a breakthrough in this stalemate? The financial situation of HNA Group is certainly a concern, but the power struggle behind the scenes is even more intriguing!
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