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China’s HNA Group says creditors want it declared bankrupt

first_imgBEIJING (AP) — HNA Group, a debt-burdened Chinese airline operator that faced opposition in Washington to its attempt to buy a Wall Street hedge fund during a costly global acquisition spree, says its creditors have asked a court to declare the company bankrupt. HNA said it would cooperate with the court and “actively promote debt disposal.” It gave no details of the company’s status or an indication whether the court agreed to the petition.  HNA, which began as a one-plane airline in 1993, was struggling with $75 billion in debt when last year’s shutdown of global travel to fight the coronavirus pandemic devastated its core aviation business.last_img read more

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Saddling up for marketing video aids $1.6m sale

first_imgThe home at 14 Cannington Court, Samford.A cowboy riding across the backyard of a Brisbane home has contributed to its million-dollar sale.The man on horseback starred in a marketing video for 14 Cannington Court, Samford Valley, with the property selling after just three weeks on the market for $1.6 million.NGU Group chief executive Emil Juresic said strategic and effective marketing was essential to a successful property sales campaign, which was run by sales agent Rachael Savic.More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019The sprawling property at 14 Cannington Court, Samford.The sale of the large four-bedroom, two-bathroom acreage home was Ms Savic’s second successful property deal in as many months. “We had multiple buyers and the sellers were stoked in the end,” Ms Savic said.“They were happy enough to open up a couple of bottles of champagne with Emil and I.” The kitchen at 14 Cannington Court, Samford.In the video, a man is filmed riding in on a horse from nearby mountains before a final close-up shot captures two children patting the beast — luring the local buyer to purchase the property. The 1.43ha property neighbours South Pine River and is surrounded by horse trails, walking tracks and bike paths. The property sold on May 27.last_img read more

Read More Saddling up for marketing video aids $1.6m sale