HNA Group Company Limited (CN) 海航集團有限公司
APAC Resources (1104): extension of loan to unnamed party
| CWT announcement
Company announcement, 19-Jul-2019
APAC again fails to name the borrower and worse, it fails to disclose that the original loan was in default. The company joins its controlling shareholders Allied Group (0373) and Allied Props (0056) and Allied Props' subsidiary SHK (0086) in extending the loan to CWT (0521) along with an unnamed new "Lender F".
Company announcement, 19-Jul-2019
APAC again fails to name the borrower and worse, it fails to disclose that the original loan was in default. The company joins its controlling shareholders Allied Group (0373) and Allied Props (0056) and Allied Props' subsidiary SHK (0086) in extending the loan to CWT (0521) along with an unnamed new "Lender F".
Allied Group (0373), Allied Props (0056), SHK (0086): extension of loan
| CWT announcement
Company announcement, 19-Jul-2019
This again fails to name the borrower, which we have previously identified as CWT (0521), part of HNA Group. Even worse, they fail to disclose that the borrower has defaulted on the original loan facility, as CWT announced on 16-Apr-2019. The total loan amount is increased by 17.14% by each lender, covering the accumulated interest, and an additional unnamed "Lender F" is introduced, raising the loan facility to HK$1640m.
Company announcement, 19-Jul-2019
This again fails to name the borrower, which we have previously identified as CWT (0521), part of HNA Group. Even worse, they fail to disclose that the borrower has defaulted on the original loan facility, as CWT announced on 16-Apr-2019. The total loan amount is increased by 17.14% by each lender, covering the accumulated interest, and an additional unnamed "Lender F" is introduced, raising the loan facility to HK$1640m.
CWT (0521), suspended, defaults on loan from unnamed parties
Company announcement, 16-Apr-2019
We can tell you that the lenders are Allied Group (0373), its subsidiary Allied Props (0056), its subsidiary SHK (0086) and Allied Props' associate APAC Resources (1104), none of which have announced this default. CWT is part of the highly-indebted HNA Group.
Company announcement, 16-Apr-2019
We can tell you that the lenders are Allied Group (0373), its subsidiary Allied Props (0056), its subsidiary SHK (0086) and Allied Props' associate APAC Resources (1104), none of which have announced this default. CWT is part of the highly-indebted HNA Group.
HNA takes aim at Xi Jinping
A message from Sanya. (21-Oct-2018)
A message from Sanya. (21-Oct-2018)
Allied Group (0373) & subsidiaries Allied Props (0056) and SHK (0086) lend HK$1176m to unnamed borrower
Company announcement, 2-Oct-2018
We can tell you from subsequent filings that the borrower is CWT (0521), a subsidiary of mainland group HNA. Another unnamed "Lender C" is APAC Resources (1104), which is 34% controlled by Allied Props and lent HK$174m, taking the total to HK$1350m. This follows an earlier 13-month loan of HK$353m on 5-Sep-2017 by SHK.
Company announcement, 2-Oct-2018
We can tell you from subsequent filings that the borrower is CWT (0521), a subsidiary of mainland group HNA. Another unnamed "Lender C" is APAC Resources (1104), which is 34% controlled by Allied Props and lent HK$174m, taking the total to HK$1350m. This follows an earlier 13-month loan of HK$353m on 5-Sep-2017 by SHK.
APAC Resources (1104) lends HK$174m to unnamed borrower
Company announcement, 2-Oct-2018
We can tell you from subsequent filings that the borrower is CWT (0521), part of HNA Group. APAC Resources is 34% controlled by Allied Group (0373) via Allied Props (0056), which is also the parent of SHK (0086). All 4 companies are part of this HK$1350m loan.
Company announcement, 2-Oct-2018
We can tell you from subsequent filings that the borrower is CWT (0521), part of HNA Group. APAC Resources is 34% controlled by Allied Group (0373) via Allied Props (0056), which is also the parent of SHK (0086). All 4 companies are part of this HK$1350m loan.
China's HNA Group, squeezed on cash, looks to turn corner
Reuters, 18-Jan-2018
Chairman Chen Feng "said he wasn't involved in any decision making for any transactions" - good to know. Who is, then?
Reuters, 18-Jan-2018
Chairman Chen Feng "said he wasn't involved in any decision making for any transactions" - good to know. Who is, then?
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy