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CWT falls as much as 5.7% as China regulator asks banks for HNA loan info

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CWT falls as much as 5.7% as China regulator asks banks for HNA loan info

PC Lee Published on Thu, Jun 22, 2017 / 4:31 PM GMT+8

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SINGAPORE (June 22): Shares in logistics services provider CWT fell as much as 5.7% to $2.14 today.

This comes after news broke that China’s banking regulator is asking some banks to provide information on overseas loans made to some of the most acquisitive Chinese firms recently.

These included Dalian Wanda Group Co., HNA Group Co., Fosun International Inc., Anbang Insurance Group Co. and the owner of Italian soccer team AC Milan.

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