Cathay Pacific's repurchase of Qatar Airways shares received overwhelming approval, and the chairman expressed gratitude to Swire and Air China for their support
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Cathay Pacific Airways passed the proposal to repurchase Qatar Airways shares with over 99.9% of the votes in favor at the special shareholders' meeting, reflecting confidence in the long-term business outlook. Cathay will repurchase 9.57% of the shares held by Qatar Airways at HKD 10.8374 per share, totaling HKD 6.97 billion. After this repurchase, Swire's shareholding ratio will increase from 43.09% to 47.65%, and Air China's shareholding ratio will increase from 27.11% to 29.98%
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