UPDATED: HNA bondholders agreed to one-year extension of repayment, bond halted after plunge

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Troubled HNA Group said Wednesday it has garnered enough support from bondholders for a proposal to extend by one year the maturity of a 390 million yuan ($55 million) 7.1 per cent note that originally comes due Wednesday, according to a company filing.

It said that three investors holding 345 million yuan in principal of the bond, representing 98.3 per cent of the valid votes at a creditor meeting Tuesday, agreed to its proposal to delay repayment of the bond.

The news came after trading in a bond issued by HNA Group plunged . . .

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