CWT International defaults on $179 million loan, parent HNA sees no impact on business
April 17, 2019 at 00:23 AM EDT
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.
