Shanghai Pudong City | Leading Financial Centre in Asia
Caproasia.com | The leading source of data, research, information & resource for financial professionals, institutional investors, professional investors and private investors (UHNWs, & HNWs). Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.





HNA Group $56 Million Hong Kong Penthouse Placed on Sale by Creditors

20th August 2021 | Hong Kong

HNA Group $56 million penthouse (4,600 square feet) on one of the most prestigious address in Hong Kong (39 Conduit Road, Mid Levels), has been placed on sale by its creditors.  HNA Group, the China conglomerate which used to be one of the most active investors in the world co-founded by Chen Feng, is undergoing bankruptcy with $187 billion of liabilities and have had global investments including owning 25% of Hilton Hotel.  The $56 million Hong Kong penthouse was bought in 2015 by holding company Billion Able Corporation, with HNA Group Founder & Chairman Chen Feng listed as a director.

“ HNA Group $56 Million Hong Kong Penthouse Placed on Sale by Creditors “

 



2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM

Sign Up
Family Office Networking - Monthly
Investment Day - Monthly
Membership | Join a Powerful Network
Professional Investor Circle
Family Office Circle
Caproasia User
Caproasia Events


HNA Group Bankruptcy 

China City 3
Shanghai Pudong City | Leading Financial Centre in Asia

In January 2021, HNA Group declared bankrupt after debt restructuring had failed.  In 2017, HNA Group was one of the world’s largest company with more than $50 billion in revenue.  In the same year, HNA Group was affected by China’s new regulations to disallow state-owned banks to lend money to Chinese private companies to prevent them from using funding for foreign investments.  

HNA Group was co-founded in 1993 by Chen Feng and Wang Jian, growing from a regional airline in Hainan (China) into an aviation group with operations across the globe.  The Group expanded into many other industries including aviation, real estate, financial services, tourism and logistics, and became one of the most active investors in the world.

 

HNA Group Statement:

On 29th of January 2021, HNA Group received a formal notice from the Hainan High People’s Court. The main content of the notice is: a creditor has filed an application for the initiation of reorganization procedure against our company, on grounds that we cannot pay off due debts to the creditor.  HNA Group will comply with the court’s instructions of judicial review in accordance with law, promote the debts disposition actively, support the court to protect the legal rights and interests of creditors in accordance with law, and safeguard our normal business to be operated successfully.

 

Related:



Caproasia.com | The leading financial website for financial professionals, professional investors and HNW investors. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quicklinks: Caproasia Access | TFC | Caproasia | Jobs

Join 14,000+ leading financial professionals and professional investors in Asia. Stay ahead of your peers & competition.
For press release, email to press@caproasia.com
For editorial, media kit, listing on TFC, events, seminars or research & data services, email to mail@caproasia.com


Previous articleWorld Leading Derivatives CME Group Denies Media Report and Rumours of $16 Billion Bid for Cboe
Next articleBlackRock Appoints Peter Loehnert as Head of iShares and Index Investments for APAC, iShares ETF AUM at $3.03 Trillion
Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia