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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

Singapore

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.

sentifi.com

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