|Bid||0.350 x 0|
|Ask||0.355 x 0|
|Day's Range||0.350 - 0.370|
|52 Week Range||0.225 - 0.520|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.00 (5.26%)|
|1y Target Est||0.51|
Chinese conglomerate HNA Group needs to pay off billions of dollars in debt this year. It's turning to its employees for help.
Chinese conglomerate HNA Group has exercised its legal rights to acquire all shares from "dissenting shareholders" of Singaporean logistics firm CWT Ltd, as it moves to close the $1 billion (£0.8 billion) acquisition. HNA Belt and Road Investments Singapore, an HNA group company, will offer S$2.33 ($1.73) per share in cash to the CWT shareholders who have not accepted the tender offer, HNA's financial advisers said in an announcement on behalf of the company on Monday. The announcement comes against a backdrop of concerns about rising financing costs at indebted HNA, an airline-to-property conglomerate, whose $50 billion worth of deal-making over the past two years has sparked intense scrutiny.
Chinese conglomerate HNA , under scrutiny at home and abroad over a debt-fuelled acquisition spree, gave partially untrue or incomplete information during the takeover of Swiss airline catering firm Gategroup last year, the Swiss Takeover Board said. In a statement late on Friday, the regulator said the aviation and shipping group had failed to disclose that company executives held controlling stakes in the conglomerate and also gave incorrect shareholdings for the top two stakeholders - Bharat Bhise and Guan Jun - in the Gategroup offer prospectus. HNA said in a statement that it had provided all necessary information and the Gateway deal would not be affected.