Swire offers HK$9.4bn for HKAE

BTN News

Wednesday, 09 June 2010

Swire Pacific has offered HK$9.4 billion for all the remaining shares of Hong Kong Aircraft Engineering.

Cathay Pacific of Hong Kong will book a profit of about HK$1.8 billion from the sale of its shares in HKAE.

Swire is Cathay's largest shareholder.