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CATHAY PAC AIR Slumps 3%+ After SWIRE Places 360M Shrs at 7.7% Discount
2026-09-02 09:39:44 SWIRE PACIFIC A (00019.HK) and SWIRE PACIFIC B (00087.HK) announced a placement of 360 million shares in CATHAY PAC AIR (00293.HK) at a 7.7% discount alongside a bond repurchase to accelerate an Accelerated Exchange Trade. CATHAY PAC AIR opened 1.71% lower today (2nd), with losses widening to a trough of HKD13.42. The stock was last at HKD13.53, down 3.63%, with trading volume of 366 million shares, involving HKD4.828 billion. Swire announced that it has successfully executed the Accelerated Exchange Trade, which comprises the Bond Repurchase and the Share Placement, which involves a repurchase by the Company of HK$4.689 billion in aggregate principal amount of the Bonds and the sale by the Company of 362 million CATHAY PAC AIR Shares at a price of HK$13.2 per Cathay Pacific Share, representing a discount of approximately 7.7% to yesterday (1st)'s closing price of HK$14.3. ~ AASTOCKS Financial News Website: www.aastocks.com | |