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A Hong Kong-listed HNA group subsidiary reported that its creditors had seized badets in the United States and China after failing to repay their loan last week.
HNA, the Chinese conglomerate of airlines that opts for financing, is struggling to pay at least $ 80 billion in debt as a result of a wave of international acquisitions.
CWT International, an HNA unit, said last week that it had up to April 17 to pay off a $ 1.4 billion Hong Kong loan, including interest, or risk losing most of its badets, after failing to pay $ 63 million from Hong Kong in interest due to the lenders.
In a statement released on Monday, CWT said the creditors had now taken over the logistics and financing subsidiary CWT Pte Limited, US investment properties and golf courses in China.
The British properties of CWT are not mentioned in the declaration.
CWT's shares remain suspended, the company said.
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