18-Aug-2009 8:37 AM
Cathay Pacific shareholding changes announced
Direct News Source
The boards of Air China, Cathay Pacific, CITIC Pacific and Swire Pacific today made a joint announcement relating to two transactions that will collectively realign their shareholdings in Cathay Pacific. The changes will strengthen the existing relationship between Air China and Cathay Pacific and serve to further boost the position of Beijing and Hong Kong as key aviation hubs in the region.
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