China’s HNA’s HK-listed unit CWT defaults on $179m loan

Signage for HNA Group Co. is displayed atop the company's building in Beijing, China, on Thursday, Feb. 1, 2018. Photographer: Giulia Marchi/Bloomberg

Chinese conglomerate HNA Group Co Ltd could lose assets in Hong Kong-listed unit CWT International Ltd after CWT defaulted on a HK$1.4 billion ($178.56 million) loan, the company said in a stock exchange filing on Tuesday.

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