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HNA Holding Group Co. (521.HK)
13-11-2017, 02:37 PM.
Post: #1
HNA Holding Group Co. (521.HK)
HNA Holding to rebrand as CWT International following Singaporean acquisition
HNA Holding Group will rebrand, using the name of the Singaporean commodities and logistics group it acquired last month in a US$1 billion takeover

Enoch Yiu
PUBLISHED : Sunday, 12 November, 2017, 11:12pm
UPDATED : Sunday, 12 November, 2017, 11:12pm

HNA Holding Group, a unit of mainland conglomerate HNA Group, will adopt the name of the Singaporean logistics and commodities company CWT Group that it acquired earlier this month in a US$1 billion takeover, rebranding as CWT International.

Hong Kong-listed HNA Holding has a 98.1 per cent stake in CWT following the acquisition, HNA executive director Xu Haohao said in an exchange filing Sunday night.

CWT’s commodity marketing, financial services and logistics operations would also become the group’s core businesses, he said.

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