HNA unit CWT International defaults on $179 million loan, faces asset seizure

CWT International Ltd, a unit of indebted HNA Group Co Ltd, on Tuesday said 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/2PfxN7M