China's HNA Group and its related companies have voted to approve the company's restructuring plan, information on the National Enterprise Bankruptcy Information Disclosure Platform showed on Saturday.
A court in Hainan, where the group is based, conducted a creditors' conference for voting in September and required a deadline of October 20. The court on Saturday announced the approval of the plan in accordance with the country's bankruptcy laws.
The plan said 320 HNA-related companies will be integrated into HNA's bankruptcy reorganization.
Read original article
