Edition:
India

CWT International Ltd (0521.HK)

0521.HK on Hong Kong Stock

0.13HKD
9 Apr 2019
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Wed, Apr 17 2019

UPDATE 2-CWT Intl defaults on $179 mln loan, parent HNA sees no impact on business

* CWT says failed to pay interest and fees worth HK$63 mln in loan

HNA unit CWT Intl faces asset seizure after default on $179 mln loan

HONG KONG, April 16 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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