Cathay Pacific to Redeem All Preference Shares Held by Hong Kong Government

Cathay Pacific aircraft

Cathay Pacific Airways has announced that it will buy back all of its preference shares held by the Hong Kong government.

The airline has issued preference shares worth 19.5 billion Hong Kong dollars, and it has already repurchased half of them for 9.75 billion Hong Kong dollars. By July 2024, it plans to buy back the remaining shares depending on market conditions.

So far, Cathay Pacific has paid 1.97 billion Hong Kong dollars in preference share dividends.

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