Published: 12:26am, 10 Chinese conglomerate HNA Holdings has offered to buy Singapore - based logistics and commodity company , CWT Logistics , for SGD1.4bn ( $ 1bn ) . Shares in CWT rose 10 % to a five - year high . Jasper Lo Cho - yan , chief strategist at King International Financial Holdings , said the acquisition was made with US president Donald Trump 's infrastructure agenda in mind , as well as China 's " One Belt , One Road " initiative .
Chinese conglomerate HNA Holdings has offered to buy Singapore - based logistics and commodity company , CWT Logistics , for SGD1.4bn ( $ 1bn ) . Shares in CWT rose 10 % to a five - year high . Jasper Lo Cho - yan , chief strategist at King International Financial Holdings , said the acquisition was made with US president Donald Trump 's infrastructure agenda in mind , as well as China 's " One Belt , One Road " initiative .