HNA to buy CWT
Source: Xinhua |
00:01 UTC+8 April 11, 2017
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Print Edition
Print Edition
CHINESE conglomerate HNA Group has announced its plan to buy Singapore’s logistics provider CWT at S$2.33 per share for about S$1.4 billion (US$996 million). The deal was a result of almost a year of negotiations between the two sides. The offer is higher than CWT’s last traded price of S$2.07.
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