SEHK:19Industrials
How Investors Are Reacting To Swire Pacific (SEHK:19) Boosting Its Stake in Cathay Pacific
State-owned Qatar Airways has in the past sold its entire US$897 million stake in Cathay Pacific Airways, with Cathay Pacific repurchasing the 9.7 percent holding, marking Qatar Airways' complete exit after eight years.
This buyback has increased Swire Pacific's ownership in Cathay Pacific to 47.69 percent from 43.12 percent, strengthening its influence and alignment with the airline's future direction and growth initiatives.
We'll examine how Swire Pacific’s increased stake in Cathay...