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HNA explores sale of newly acquired CWT logistics unit

Reuters Published on Wed, Sep 19, 2018 / 5:55 PM GMT+8

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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 Reuters.

See: CWT receives formal US$1 bil takeover offer from HNA

See: HNA to face $3.1 bil liquidity crunch this quarter