Deals
HNA Faces Lender Questions on $1 Billion CWT Takeover
- Maybank, RHB scrutinizing HNA’s leverage ratios more closely
- Financing banks need more time to assess latest information
Behind China's Boldest Dealmaker
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HNA Group Co., the acquisitive Chinese conglomerate, is facing additional questions from banks working on financing its proposed $1 billion takeover of Singapore logistics operator CWT Ltd., people with knowledge of the matter said.
Firms including Malayan Banking Bhd. and RHB Bank Bhd., which are preparing a loan package to back the acquisition, have been seeking more information from HNA in recent weeks, the people said. The lenders started scrutinizing HNA’s leverage ratios more closely to assess how much debt they can provide, according to the people, who asked not to be identified because the information is private.