Latest data from the Hong Kong Stock Exchange reveals that on November 19, shareholders of Cathay Pacific (00293) deposited shares in HSBC, with a market value of HK$4.212 billion, accounting for 5.27% of the company's shares.
Previously, Cathay Pacific announced plans to sign a repurchase agreement with Qatar Airways to buy back all of Qatar Airways' holdings in Cathay, representing approximately 9.57% of the company's total issued shares, at a price of HK$6.969 billion.
Qatar Airways initially invested in Cathay Pacific in late 2017.