CWT International defaults on $179 million loan, parent HNA sees no impact on business

CWT International Ltd, a unit of China's indebted HNA Group Co Ltd, said on Tuesday it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay funds due or lose assets pledged as collateral.

from Reuters: Business News https://reut.rs/2VNuya0
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