Swire Pacific Limited and its Cathay Pacific Airways subsidiary have announced an agreement to sell their entire interests, 19.998 and 10 per cent respectively, in Hong Kong Air Cargo Terminals Limited (HACTL) and HACTL Investment Holdings Limited (HIHL). The interests in HACTL and HIHL are being purchased by existing HACTL and HIHL shareholders, namely Jardine Matheson & Co., Limited, The Wharf (Holdings) Limited, Mosgen Limited (a wholly owned subsidiary of Hutchison Whampoa Limited), … [Read more...] about Swire, Cathay sell stakes in HACTL
Swire Pacific
Cathay reduces shareholding in HAECO
Cathay Pacific Airways has announced that it has agreed to sell 20,700,958 shares, representing 12.45 per cent of its shareholding in Hong Kong Aircraft Engineering Company (HAECO) at HK$91.83 (US$11.85) per share to parent Swire Pacific, a transaction valued at approximately HK$1,901 million. In accordance with stock exchange listing rules, the transaction is subject to the approval of Cathay Pacific’s independent shareholders. If approved, Cathay Pacific’s direct interest … [Read more...] about Cathay reduces shareholding in HAECO
Air China & Cathay Pacific Airways
Air China has said it will increase its stake in Cathay Pacific Airways to nearly 30 per cent by buying shares from CITIC Pacific at HK$6.335 billion. The Beijingbased airline will buy 491.9 million shares of Cathay at HK$12.88 apiece from CITIC Pacific, according to a statement posted on the Hong Kong Stock Exchange. The deal will make Air China the Hong Kong carrier’s second largest shareholder after British conglomerate Swire Pacific. … [Read more...] about Air China & Cathay Pacific Airways
Air China & Cathay Pacific Airways
Air China has said it will increase its stake in Cathay Pacific Airways to nearly 30 per cent by buying shares from CITIC Pacific at HK$6.335 billion. The Beijingbased airline will buy 491.9 million shares of Cathay at HK$12.88 apiece from CITIC Pacific, according to a statement posted on the Hong Kong Stock Exchange. The deal will make Air China the Hong Kong carrier’s second largest shareholder after British conglomerate Swire Pacific. … [Read more...] about Air China & Cathay Pacific Airways
