HNA Holding Group Co.

Deutsche Bank CEO has yet to meet top investor HNA
(Oct 9): Deutsche Bank AG Chief Executive Officer John Cryan hasn’t yet met with one of the bank’s top investors but plans to do so, a spokeswoman said Sunday. “Of course” it will happen, the spokeswoman for Deutsche Bank said, when asked about a meeting between Cryan and Adam Tan, the head of HNA Group Co., a Chinese conglomerate that bought a 9.9% stake in the bank this year. Cryan ...
Accept HNA $2.33 offer, OCBC tells CWT shareholders
SINGAPORE (April 10): OCBC recommends shareholders accept HNA’s $2.33 offer price once the voluntary general offer (VGO) is made upon meeting the pre-conditions. OCBC says the offer price, which represents a 19.5% premium to its $1.95 fair value, is attractive and a good opportunity for shareholders to unlock value. “HNA intends to delist CWT once public float falls below 10%,” says ...
CWT gets $2.33 per share offer from HNA; acquisition deal valued at $1.4 bil
SINGAPORE (April 10): China’s HNA Holding Group Co. is making an offer to acquire logistics firm CWT for nearly $1.4 billion. In a regulatory filing on Sunday night, HNA announced that its subsidiary HNA Belt and Road Investments (Singapore) plans to purchase 600 million CWT shares at $2.33 apiece. This values the acquisition deal at nearly $1.4 billion. The offer price represents a ...