Liaoning Fangda Group, Hainan investment body to settle HNA's retail investor debt -sources

BEIJING, Sept 29 (Reuters) – Liaoning Fangda Group Industrial Co and Hainan Development Holdings will offer cash and equity to settle debt owed to retail investors in China’s HNA Group, the team leading the conglomerate’s restructuring told creditors on Wednesday, two sources said.

Hainan Development Holdings, which is owned by the provincial government of Hainan where HNA is headquartered, will offer 200 million yuan ($30.93 million) in cash to settle the debt, said the sources.

It will also offer 500 million shares of HNA Infrastructure Investment Group that it holds to settle the debt, they said.

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