You are here

CW Group explains delay in giving details on 69m-euro payment for German firm

Machine tool supplier now seeking debt revamp after defaulting on S$55.25 million of Singdollar notes


MORE than eight months after CW Group paid a 69 million-euro (S$110 million) deposit for German machine manufacturer Zuse Hüller-Hille in December last year, the machine tool supplier has yet to provide shareholders and bond holders with key financial details of the deal....

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to