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HNA warns of impact on overseas subsidiaries from coronavirus pandemic

03/26/2020| 4:05:47 PM|

The group said most of its overseas subsidiaries had enough cashflows to cope with the impact over the short term.

China's HNA Group on Tuesday warned of the impact from the coronavirus pandemic on its overseas subsidiaries, adding that most of them had enough cashflows to cope with the impact over the short term.

Some aviation firms and hotels it owns are heavily affected, the conglomerate said in a statement on its official social media account, but they are proactively applying for support from their respective countries and local governments and have yet raised requests for help with the group.

Cashflow issues for domestic firms are gradually improving, the group said.

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TAGS: HNA Group
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