Hong Kong, February 14, 2018 – HNA Group Co., Ltd. (“HNA Group”, or the “Group”) announces that, due to full confidence in HNA’s business developing prospects, some Directors of the Board and top executives of the Company (“Senior Management”) have purchased offshore USD bonds guaranteed by HNA Group.
The Group is currently in a very healthy financial position. As of the end of 2017, the Group’s total assets reached RMB1.5 trillion, realizing a revenue of nearly RMB700 billion and a liability-to-asset ratio of 59.9%.
At present, the Group not only received its loans from banks, but also from various investments through the sharing of the Group’s future plans with investors. On February 9, 2018, the Group signed a strategic cooperation agreement with China CITIC Bank and obtained RMB20 billion credit amount from China CITIC Bank. The Group also cooperates with foreign banks such as UBS, Barclays and JP Morgan.