Published: 12:26am, 10 Apr, 2017 Updated: 2:55pm, 20 Jul, 2018
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.