OCBC ceases coverage on CWT with impending privatisation
Michelle Zhu • • 2 min read
SINGAPORE (Sept 28): OCBC Research is ceasing coverage on CWT Limited, the integrated logistics and supply chain solutions provider, given HNA Holding Group’s intentions to delist the company after acquiring it.
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SINGAPORE (Sept 28): OCBC Research is ceasing coverage on CWT Limited, the integrated logistics and supply chain solutions provider, given HNA Holding Group’s intentions to delist the company after acquiring it.
To recap, the Chinese conglomerate had in early September made a voluntary conditional general offer (VGO) to acquire CWT for $2.33 a share via a deal which values the company at $1.3 billion.
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