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CWT seeks update over HNA's S$1.4b takeover as banks get jittery
Buyer has been silent over 3 months since making offer; it also faces clampdown from Beijing, Chinese lenders
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Angela Tan
Published Thu, Jul 27, 2017 · 09:50 PM
Singapore
IT'S nerve-wrecking time for shareholders of CWT Limited.
It's been more than three months since Chinese conglomerate HNA Holding Group announced its proposed S$1.4 billion privatisation for the Singapore-listed logistics group, but there has been scarcely any news from the offeror since.
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