Deals
HNA’s Financing Costs Soar After Shopping Spree
- Profit levels insufficient to pay off financing expenses
- Group has among highest interest expenses among Chinese firms
HNA offices in Beijing
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
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HNA Group Co.’s financing costs more than doubled during the first half of the year, signaling the conglomerate’s $45-billion-plus acquisition spree since 2015 is catching up with the company.