16th.Sep,Paper news reporter inquired, a consumption restriction order for HNA Group Co.,Ltd.and its legal representative and chairman Mr.Chen Feng was issued by the court.
This consumption restriction was issued on 15th.Sep.,there are two documents totally.Both of the cases due to contractual dispute, HNA Group fails to perform the payment obligations determined by the effective legal documents within the period specified in the execution notice. In accordance with regulations, the court restrict companies and their legal representatives from engaging in high consumption and consumption behaviors that are not necessary for life and work.
Restricted consumpton behaviors include:
- when taking transportation,choose airplanes, softsleepers of trains and ships above second class;
- high consumption in places such as hotels with stars rating, hotels,nightclubs, golf courses.
- Purchase of realestate or new construction,expansion of upscale decorated houses.
- Rent upscale office buildings,hotels,apartments and other places as workplace.
- Purchase non-operating necessary vehicles.
- Their children study in private school with high fee.
- Purchase financial products with high payment of premium
- Taking express trains with G-headed and other express trains first class seats etc.
Violation of this consumption restriction will be punished and detented;
If the circumstance is serious and constitute a crime, criminal responsibility shall be investigated according to law.
According to this consumption restriction will consumer behaviors of Mr.Chen Feng affected.If still possible for him to take private airplane?The answer is no.
Right now HNA is promoting risk management.
According to the news on 29th.Feb of HNA Group, at the request of HNA Group,recently Hainan Province government with relavant department together build up a joint working group of HNA Group in Hainai Province. They will totally support and push the risk management.
On 29th.Feb by Board of Group has re-electet of some directors.Chairman is Mr.Chen Feng.
HNA also said,since outbreak of the current risk in end of 2017,HNA carrying out self-help but still can not completely solve the risk.Due to corona Virus epidemic made the risk even worse.
Comment:The news confirmed Mr. Guo’s prediction again.Did he think he would be where he is today when he said that Mr. Guo’s words were 1,000 percent lies?