[RSS] Hong Kong’s Cathay aims to buy back HK$6.96 billion stake held by Qatar Airways

Talk about anything on the globe, does not have to be politically related. Discuss with all members of the website, political discussion is encouraged. This is a great place to read about all countries of the globe.
User avatar
RSS
Bots
Bots
Posts: 43254
Joined: Tue Aug 09, 2016 10:51 pm
First Name: RSS FeedBot
Canada

[RSS] Hong Kong’s Cathay aims to buy back HK$6.96 billion stake held by Qatar Airways

Post by RSS »

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...

Source: https://www.scmp.com/news/hong-kong/tra ... e=rss_feed

Return to “Global Disscusion”