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HNA to convene general meeting on Sept 7 on CWT takeover offer

China-based HNA Holding Group is convening a general meeting on Sept 7 to seek shareholder approval for its S$1.4 billion privatisation offer for CWT Limited.

A notice of the general meeting and the proxy form are expected to be despatched to shareholders on or around Aug 21.

In April, HNA launched a general offer for Singapore-listed CWT at S$2.33 a share, valuing the homegrown logistics group at some S$1.4 billion in total.

In a release to the Singapore Exchange on Aug 21, HNA said that certain anti-trust pre-conditions had already been fulfilled.