Three listed companies of HNA Group disclosed that a total of 61.5 billion yuan ($9.57 billion) had been embezzled by shareholders and other related parties.
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The shares of Danke Apartment, one of China’s biggest rental platforms, surged by more than 75% on Tuesday night, Beijing time, closing at $2.40, mainly due to the rumor that another leading rental specialist 5i5j will purchase Danke.