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China's Hunan Trust says HNA Innovation fails to repay 300 million yuan principal in loan

BEIJING (Reuters) - China’s Hunan Trust said on Thursday that HNA Innovation Co Ltd has failed to pay back 300 million yuan ($43.82 million) worth of principal in a loan due Sept. 10.

The default follows another unit of the China’s debt-laden HNA Group [HNAIRC.UL] that made delayed bond payments after missing a deadline in late August.

Reporting by Beijing Monitoring Desk; Editing by Kim Coghill

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