Cathay Pacific (00293) Shareholders Deposit Shares in HSBC with Market Value of HK$4.212 Billion
Stock News
Nov 20
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.