06-Jun-2006 10:15 AM
Cathay Pacific's reported 10 bln hkd offer for Dragonair 'reasonable' - analysts
Analysis
HONG KONG (XFN-ASIA) - The reported Cathay Pacific Airways Ltd's purchase offer of 10 bln hkd for stakes in Dragon Airlines Ltd (Dragonair) that it does not already own is "reasonable," relative to valuations for other airlines currently operating in China, analysts told XFN-Asia.
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