Business
23:00, 13-Dec-2017
Letter claiming to be from NHA Group hits back at financing rumors
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A statement has surfaced on the Internet on Wednesday night purportedly issued by China’s HNA Group, trying to dispel the latest speculation on social media over the firm’s financial health.
The two-page statement emerged online, with the firm’s name in Chinese at the top. The content was soon picked up by multiple Chinese media outlets.
"Some social media accounts have been spreading rumors about HNA Group’s creditworthiness and cooperation with bankers lately," read the statement, adding that the firm’s partnership with domestic as well as foreign financiers “has been in good state".
"The firm still has 310 billion yuan left in credit," the document stated.
The first page of the document attempts to quash rumors about NHA Group's financing stability.
The first page of the document attempts to quash rumors about NHA Group's financing stability.
Talks between the firm and China’s state lenders over issuing credit in 2018 have begun, the paper further announced.
CGTN could not immediately verify the authenticity of the letter.
Speculation has been running wild on Chinese social platforms about the firm’s financial sustainability, stoking doubt that "multiple domestic lenders have cut funds to the company".