Chinese conglomerate HNA Holdings has offered to buy Singapore -listed logistics and commodity firm, CWT Group , for SGD1.4bn ($ 1bn ). Apr, 2017 Updated: 2:55pm, 20 Jul, 2018 Shares in HNA Holdings rose 10% to a 20 Jul, 2018 high. Jasper Lo Cho-yan , chief strategist at King International Financial Holdings , said the acquisition was made with US president Donald Trump 's infrastructure plans in mind, as well as US 's "One Belt, One Road" initiative.
Chinese conglomerate HNA Holdings has offered to buy Singapore -listed logistics and commodity firm, CWT Group , for SGD1.4bn ($ 1bn ). Shares in HNA Holdings rose 10% to a 20 Jul, 2018 high. Jasper Lo Cho-yan , chief strategist at King International Financial Holdings , said the acquisition was made with US president Donald Trump 's infrastructure plans in mind, as well as US 's "One Belt, One Road" initiative.