Compulsory acquisition threshold hit for CWT buyout

Published Tue, Oct 17, 2017 · 02:25 PM

CHINESE conglomerate HNA Holding Group has hit the 90 per cent compulsory acquisition mark for its S$2.33-a-share offer for logistics firm CWT Ltd.

It intends to exercise its right to compulsorily acquire the remaining shares and delist the firm from the Singapore Exchange, its bankers said in an announcement on Tuesday night.

The final closing date of the offer is Nov 2.

CWT last traded at S$2.33.

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Companies & Markets

Companies & Markets

Compulsory acquisition threshold hit for CWT buyout

Companies & Markets

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

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US: Wall St opens higher as some chip stocks bounce back after selloff

Blackstone reports 1% rise in Q1 earnings

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