September 13, 2018 / 3:43 AM / 3 months ago

China's Hunan Trust says HNA Innovation fails to repay 300 mln yuan principal in loan

BEIJING, Sept 13 (Reuters) - China’s Hunan Trust said on Thursday that HNA Innovation Co Ltd has failed to pay back 300 million yuan ($43.82 million) worth of principal in a loan due Sept. 10.

The default follows another unit of the China’s debt-laden HNA Group that made delayed bond payments after missing a deadline in late August.

$1 = 6.8456 Chinese yuan renminbi Reporting by Beijing Monitoring Desk; Editing by Kim Coghill

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