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Ronald Lam Estimates Air China to Stay as Cathay Pacific's Long-term Strategic Shareholder, Sees Shr Reduction as Strategic Move Only
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AIR CHINA (00753.HK) has announced a reduction in its stake in CATHAY PAC AIR (00293.HK) by 1.61% to 27.11%. Ronald Lam, Cathay Pacific's CEO, responded at an event saying that he believes this is a strategic move and Air China will continue to be a long-term strategic shareholder of Cathay Pacific. AAStocks Financial News |
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