is owned by the founders of CWT, who have a stake of more than 30% in the logistics company. SINGAPORE—Singapore-listed CWT Ltd. said Monday that its controlling shareholders have entered into exclusive talks to sell their stake in the logistics firm to a unit of Chinese conglomerate HNA Group Co. in a deal that people with knowledge of the situation said would value the company at about US$1 billion. Separately, the individual founders also have additional shares in CWT. An acquisition of a stake of... C&P Holdings Pte.

Source: Wall Street Journal May 15, 2016 17:33 UTC