Hainan Airlines Holding Co.Ltd(600221) announced that on December 31, 2021, HNA holdings and its subsidiaries received the civil ruling served by Hainan high court, confirming that the reorganization plan of Hainan Airlines Holding Co.Ltd(600221) and its ten subsidiaries has been implemented. Through the implementation of the reorganization plan, the legitimate rights and interests of all creditors were effectively protected, the asset liability structure of the company was improved, the historical burden of the company was reduced, the sustainable operation and profitability were enhanced, and the company returned to a benign development track. According to the company’s preliminary calculation, this reorganization will have a positive impact on the company’s net assets and net profit at the end of 2021.
(Shanghai Securities News · China Securities Network)
