China’s long campaign to contain the fallout from the collapse of conglomerate HNA is facing growing opposition from disgruntled Chinese creditors, according to documents and private social media groups seen by the Financial Times.
Frustrated creditors have threatened to take their complaints about state administrators handling the group’s bankruptcy to the Chinese Communist party’s internal oversight body, in a dispute that could threaten one of the country’s most complicated and globally significant restructurings.
“Our dignity cannot be trampled on! We will never give up,” one claimant said.
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