Chinese conglomerate HNA Holdings has offered to buy Singapore-listed logistics and commodity firm, CWT Group, for SGD1.4bn ($1bn). Shares in CWT rose 10% to a one-year high. Published: 12:26am, 10 The deal is expected to close by the end of this year, with an initial payment due on 1 July 2018.
Chinese conglomerate HNA Holdings has offered to buy Singapore-listed logistics and commodity firm, CWT Group, for SGD1.4bn ($1bn). Shares in CWT rose 10% to a one-year high. The deal is expected to close by the end of this year, with an initial payment due on 1 July 2018.