More HNA Units Plunge as Share Resumptions Accelerate
- Flagship Hainan Airlines, CCOOP fall in Shanghai, Shenzhen
- Bohai Capital, HNA-Caissa also resumed trading this week
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Another two HNA Group Co. units tumbled on Friday, becoming the debt-laden Chinese conglomerate’s latest subsidiaries to plunge this week after lifting the months-long halt of their shares.
Flagship Hainan Airlines Holding Co. dropped by the 10 percent daily limit to 2.91 yuan, its lowest close in more than three years, and CCOOP Group Co. also fell by 10 percent to a four-year low on Friday in Shanghai and Shenzhen. Two of other HNA units -- Bohai Capital Holding Co. and HNA-Caissa Travel Group Co. -- resumed trading this week. Three HNA units remain halted.