HNA Holdings Restructuring Plan (Solving Debt Crisis and Rebuilding Business Structure)

In recent years, the debt problem of HNA Holdings has attracted much attention. In order to solve this problem, HNA Holdings started the restructuring plan on 20 19. The plan aims to reshape the business structure of HNA Holdings and realize the sustainable development of the enterprise by divesting non-core business and reducing the debt burden.

First, divest non-core business.

HNA Holdings relieves debt pressure by selling non-core assets. Among them, the most important thing is to sell HNA. Hainan Airlines is one of the core businesses of HNA Holdings, but due to the debt problem of HNA Holdings, Hainan Airlines' business has also been affected. Therefore, HNA Holdings decided to sell HNA to reduce the debt burden. In addition, HNA Holdings also sold some non-core assets, such as hotels, logistics and other businesses.

Second, reduce the debt burden.

In order to reduce the debt burden, HNA Holdings has taken various measures. First, HNA Holdings raises funds by issuing preferred shares and convertible bonds to repay debts due. Secondly, through debt restructuring, HNA Holdings extended the debt maturity, lowered the interest rate and reduced the debt burden.

Third, reshape the business structure

In order to realize the sustainable development of enterprises, HNA Holdings also needs to reshape its business structure. HNA Holdings will focus on developing aviation, logistics, tourism, finance and other businesses, while gradually withdrawing from some businesses that are not conducive to enterprise development. In addition, HNA Holdings will also strengthen internal management, improve efficiency and reduce costs, so as to improve the profitability of enterprises.