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CATHAY PAC AIR Slips 3.8% after Stake Cut by SWIRE PACIFIC A with 9.6% Discounted Placing
Recommend 5 Positive 6 Negative 11 |
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CATHAY PAC AIR (00293.HK) opened 3% lower this morning (13th), bottoming at HKD12.38. It last traded at HKD12.5, down 3.77%, with a turnover of 157 million shares and a turnover of HKD1.846 billion. SWIRE PACIFIC A (00019.HK) trimmed stake in CATHAY PAC AIR. The former announced a plan to place 2.52% of CATHAY PAC AIR shares, totaling 153 million shares, at a Placing Price of HKD11.74 per share, representing a discount of approximately 9.6% compared to yesterday's (12th) closing price of HKD12.99. Upon completion of the Placing, SWIRE PACIFIC A’s shareholding in CATHAY PAC AIR will decrease from 47.64% to approximately 45.12%. AASTOCKS Financial News Website: www.aastocks.com |
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