The company that is set to buy UDC is reportedly having its debt risks investigated by China’s banking regulator.
HNA Group’s loans are being looked at by the China Banking Regulatory Commission, alongside Anbang Insurance Group, Dalian Wanda Group, Fosun International and Rossoneri Sports Investment Management Changxing, the Wall Street Journal reports.
A spokeswoman for HNA in New Zealand told the National Business Review “it’s not appropriate to comment on HNA matters at board level”.
HNA has a range of interests, from airlines to real estate.
