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HNA is said to schedule long-awaited vote on US$1 bil CWT deal

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HNA is said to schedule long-awaited vote on US$1 bil CWT deal

Bloomberg Published on Sun, Aug 20, 2017 / 9:48 PM GMT+8

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(Aug 18): HNA Group Co. has set a date for a long-awaited shareholder vote on its proposed US$1 billion ($1.4 billion) takeover of Singapore logistics operator CWT, people with knowledge of the matter said, in a sign that the beleaguered Chinese conglomerate is moving ahead with the deal.

See: HNA said to face lender questions on US$1 billion CWT takeover

See: CWT confirms major shareholders in exclusive talks for potential sale to HNA

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