Logistics

CWT International’s default threatens survival

CWT International's default on $270 million loans means that its assets could be seized by creditors as early as Wednesday morning.
CWT International has port logistics business in Singapore
CWT International has port logistics business in Singapore

CWT International and its subsidiary’s default on over $270 million of debt throws into doubt the Hong Kong-listed firm’s ability to survive. These defaults add to a litany of debt woes for parent company, HNA Group.

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