China's HNA in advanced talks to make takeover offer for CWT at $1b valuation

China's HNA in advanced talks to make takeover offer for CWT at $1b valuation

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HNA Group Co. is in advanced talks about making a formal takeover offer for logistics provider CWT Ltd. after almost a year of exclusive talks, in a deal valuing the Singapore company at about S$1.4 billion ($1 billion), people with knowledge of the matter said.

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