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HNA offers just under S$1.4b to buy out CWT

Shareholders with a combined stake of over 65% undertake to accept offer

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Published Sun, Apr 9, 2017 · 09:50 PM

    Singapore

    HONG KONG-listed HNA Holding Group is buying out one of Singapore's long-running logistics player, CWT, for just under S$1.4 billion.

    HNA, through a Singapore-incorporated wholly owned subsidiary, has launched a pre-conditional voluntary general cash offer (VGO) for all issued and paid-up ordinary shares in Singapore-listed CWT.

    CWT

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