China’s HNA Group has said it is walking a fine line between life and death, as internal conflicts at the heavily indebted conglomerate burst into the public sphere.
In a letter published online on Thursday, the airline-to-insurance business criticised its own finance department for its handling of an investor meeting that prompted a suspension of trading in HNA’s debt.
The statement underlined the conglomerate’s growing credit problems — which have been compounded by coronavirus — and factional rifts that have hurt its operations since the sudden death of a top executive two years ago.
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