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CWT's controlling shareholders in exclusive talks on sale to China's HNA

Pricing and structure of the sale still to be negotiated; deal could trigger a general offer for CWT, say sources

Published Sun, May 15, 2016 · 09:50 PM
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Singapore

THE controlling shareholders of CWT have signed an exclusivity agreement to negotiate a sale of their shares to China conglomerate HNA Group, and a deal could trigger a general offer for CWT, market sources told The Business Times.

An official announcement is expected soon.

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