China's HNA to acquire all CWT shares from 'dissenting shareholders'
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CHINESE conglomerate HNA Group has exercised its legal rights to acquire all shares from "dissenting shareholders" of Singaporean logistics firm CWT Ltd, as it moves to close the US$1 billion acquisition.
HNA Belt and Road Investments Singapore, a HNA group company, will offer S$2.33 per share in cash to the CWT shareholders who have not accepted the tender offer, HNA's financial advisers said in an announcement on behalf of the company on Monday.
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