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Hainan Airlines shares plunge on reorganisation, profit warning

  • January 2, 2021
  • 17
  • 1 minute read

The share prices of key subsidiaries of HNA Group took a beating on Monday after the beleaguered Chinese conglomerate announced a bankruptcy restructuring. One of its companies, Hainan Airlines Holding Co, also forecast $10bn of losses for 2020.

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