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HNA Offers To Buy Singaporean Logistics Firm CWT For S$1.4B

by scmp.com posted 1year ago 266 views
HNA Holding Group has offered to buy Singaporean logistics firm CWT Group for S$1.4 billion (US$1 billion), reflecting its latest asset purchase after having spent more than US$30 billion on acquisitions around the world since last year. The Hong Kong-listed unit of HNA Group would offer S$2.33 each for CWT’s 600.3 million outstanding shares, representing a 13 per cent premium above the stock’s last trading price on April 5 before it was suspended, pending an announcement, the...