markis10
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Hong Kong flag carrier Cathay Pacific Airways plans to buy back all of its shares owned by Qatar Airways for HK$6.96 billion (US$896 million) after the Middle Eastern airline said it wanted to sell the 9.57 per cent stake.
The Hong Kong carrier said on Wednesday night that Qatar Airways would sell all 643.07 million shares it held at HK$10.8374 each, subject to Cathay’s independent shareholders’ approval.
Cathay said the Doha-based carrier approached it and expressed its intention to sell all of its shareholding in the company.
www.scmp.com
The Hong Kong carrier said on Wednesday night that Qatar Airways would sell all 643.07 million shares it held at HK$10.8374 each, subject to Cathay’s independent shareholders’ approval.
Cathay said the Doha-based carrier approached it and expressed its intention to sell all of its shareholding in the company.
Hong Kong’s Cathay aims to buy back HK$6.96 billion stake held by Qatar Airways
Hong Kong carrier says Qatar Airways will sell all 643.0.7 million shares it holds subject to independent shareholders’ approval.
www.scmp.com
