Cathay Pacific connected transaction sale of 12.45% shareholding in Hong Kong aircraft engineering
On 16-Sep-2009 Swire Pacific and Cathay Pacific entered into the Agreement for Swire Pacific to purchase and Cathay Pacific to sell 12.45% of the shares in HAECO for a consideration of approximately HK$1,901 million (equivalent to HK$91.83 per HAECO share), payable in cash on completion of the Transaction. The Agreement is conditional upon the independent shareholders of Cathay Pacific having approved the Transaction as a connected transaction (in accordance with the provisions of the Listing Rules) in general meeting.
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