CWT still in talks for potential delisting offer

HNA Group is mulling a takeover.

CWT’s controlling shareholder has not yet shelved a potential privatisation bid, the mainboard-listed company said in a statement.

China’s HNA Group is still in talks with CWT’s controlling shareholder C&P Holdings for a potential takeover.
HNA is looking to buy C&P’s 31.9% stake in CWT, which will trigger a mandatory general offer for all the remaining shares of CWT, and may lead to a potential privatization of CWT.

However, there is no assurance that such negotiations will result in any definitive agreement or transaction.

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