CW Group unit to meet noteholders after note default

Singapore

CW Advanced Technologies will meet holders of its 7 per cent notes due 2018 in a series of informal sessions to discuss the implications of its recent default, the privately held subsidiary of Hong Kong-listed engineering company CW Group said on Thursday.

The first of the meetings, which will be facilitated and moderated by the Securities Investors Association (Singapore) or Sias, will take place on July 16.