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CX: After AIR CHINA Reduces Stake, Completes Off-mkt Shr Buyback, Shareholding Hikes to 29.98%
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AIR CHINA (00753.HK) will complete the placement of 108 million CATHAY PAC AIR (00293.HK) shares prior to the EGM, as announced by CATHAY PAC AIR. AIR CHINA and the Company have executed a deed of amendment and restatement that amended and restated the Irrevocable Undertaking executed by AIR CHINA in favor of the Company to reflect AIR CHINA's shareholding after the Disposal. Moreover, upon completion of the Disposal and the off-market share buyback announced by CATHAY PAC AIR in November 2025, assuming that there is no other change in the issued share capital of the Company, the shareholding of Swire Pacific will increase from approx. 43.09% to approx. 47.65%, and the shareholding of AIR CHINA will increase from approx. 27.11% to approx. 29.98%. As of now, Swire Pacific has made an application to the Executive for the MGO Waiver. AASTOCKS Financial News Website: www.aastocks.com |
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