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HNA Group
Broker's Calls
Analysts turning cautious on CacheLog Trust with liquidity-challenged CWT as tenant
SINGAPORE (Apr 26): Analysts are mostly remaining neutral on Cache Logistics Trust (CacheLog Trust) following its results announcement , but they will be keeping a watchful eye on the trust should CWT Limited default on its rent.
April 26, 2019
Broker's Calls
DBS says exposure by REITs to CWT default more manageable than thought
SINGAPORE (Apr 17): DBS Group Research is not overly worried about the local industrial REITs – AIM APAC REIT (AA REIT), Mapletree Logistics Trust (MLT) and Cache Logistics Trust (CacheLog Trust) – that have exposure to Hong Kong-listed CWT Internatio
April 17, 2019
Update
AA REIT, CacheLog and MapletreeLog say no default on rents so far by tenant CWT
SINGAPORE (Apr 17): The managers of AIMS APAC REIT (AA REIT), Cache Logistics Trust (Cache) and Mapletree Logistics (MLT) announced separately on Tuesday night that CWT has so far not defaulted on its rental payments under their respective lease agreement
April 17, 2019
HNA explores sale of newly acquired CWT logistics unit
HONG KONG (Sept 19): China's HNA Group is in talks with banks to find a buyer for its CWT logistics unit, nine months after it acquired the Singaporean business in a US$1 billion ($1.4 billion) deal, several people familiar with the matter told Reut
September 19, 2018
IPO
Singapore's shelved IPOs pile up as Summit, Qualitas struggle
SINGAPORE (Apr 24): Singapore initial public offerings sure are having trouble getting over the finish line these days.
April 24, 2018
HNA to face $3.1 bil liquidity crunch this quarter
(Jan 31): The crisis surrounding HNA Group deepened after it emerged that the Chinese company’s ability to repay its debt will face a potential shortfall of at least 15 billion yuan ($3.1 billion) in the first quarter.
January 31, 2018
M&A
HNA-linked acquirer terminates purchase of stake in Sapphire Corp
SINGAPORE (Jan 29): A Hong Kong-listed subsidiary of China’s HNA Group had terminated its acquisition of shares in SGX-listed Sapphire Corporation “by way of mutual consent”.
January 29, 2018
Hot Stock
Sapphire Corp on track to win more rail contracts with HNA backing
SINGAPORE (Oct 26): Shares in Sapphire Corp, the railway infrastructure engineering firm, closed 6% or 2 cents to 32 cents on Friday with 1.5 million shares changing hands .
October 27, 2017
Property
HNA Group in refinancing quandary as Hong Kong project loans loom
(Sept 14): When HNA Group Co., the Chinese conglomerate that’s been buying up companies worldwide, spent US$3.5 billion ($4.7 billion) in Hong Kong earlier this year on land for its first luxury real estate development, it had no problems getting bank f
September 14, 2017
CWT receives formal US$1 bil takeover offer from HNA
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).
September 08, 2017