CWT

SINGAPORE (Oct 2): CWT's independent directors have recommended shareholders to accept HNA Holding Group's $2.33 per share offer for logistics firm CWT.

BEIJING (Sept 26): HNA Group, the high-flying Chinese conglomerate caught in the cross-sights of Beijing, has hit turbulence as deals stall and scrutiny of its finances and shareholding structure intensifies.

SINGAPORE (Sept 8): CWT, the logistics and warehousing firm, has received a formal offer from a Chinese conglomerate to buy all its shares in a deal valuing the company at US$1 billion ($1.3 billion).

SINGAPORE (Aug 23): HNA Holding Group, the offeror which is making a bid for CWT, announced a general meeting will be held on Sept 7 for shareholders to vote on the acquisition.

(Aug 21): Chinese conglomerate HNA Group has completed the acquisition of a 16.2% stake in Swiss airport retailer Dufry AG from Singaporean sovereign funds GIC and Temasek, Dufry and HNA said on Monday.

(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 conglomer

KUALA LUMPUR (Aug 7): HNA Group's partner in an overseas property trust is exploring ways to potentially scale back its ties to the embattled Chinese conglomerate, people with knowledge of the matter said.

SINGAPORE (Aug 1): Logistics provider CWT, which has received a $1.4 billion privatisation offer from China's HNA Group, says 1H17 earnings doubled to $80.2 million from $37.3 million in 1H16 on higher sales.

(July 29): HNA Commercial REIT is seeking to add arrangers to its planned Singapore initial public offering as Bank of America Corp. walks away from the deal, people with knowledge of the matter said.

(July 27): HNA Group Co., the acquisitive Chinese conglomerate, is facing additional questions from banks working on financing its proposed US$1 billion ($1.4 billion) takeover of Singapore logistics operator CWT, people with knowledge of the matter said.