Bohai Capital’s shares on the Shenzhen Stock Exchange were placed in a trading halt on 17 January pending an announcement from major shareholder HNA Capital.
In a disclosure, it says it expects the suspension to last for 10 days, and will be lifted following resolution of “major issues involving the company” by the HNA finance unit.
The suspension comes less than a week after Hainan Airlines placed its shares in a trading halt, also citing a major announcement from parent company HNA Group.
The Group has been under financial pressure over the past few months, with a number of Chinese banks closing off new loans to the group, and reports that it is not meeting interest and aircraft lease obligations.
HNA has said that it plans to sell certain assets, including real estate holdings, but has not commented on Bohai, nor its main aircraft leasing unit, Avolon.
Source: Cirium Dashboard
