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HK PACIFIC STAKE
Qatar Airways sells entire Cathay Pacific stake for $897 millionQatar Airways is selling its entire stake in Cathay Pacific for about $897 million. This marks an exit after eight years. Cathay Pacific wi...- Alibaba looking to raise $1.53 billion through exchangeable bondsChinese tech conglomerate Alibaba Group said on Thursday it is seeking to raise around HK$12 billion ($1.53 billion) through an offer of ex...
- Vedanta Resources passes key funding test with sale of bondThe company priced the January 2024 bond on Wednesday at a yield of 13.875 per cent. Vedanta Resources plans to use the money to finance a ...
- Cathay Pacific cuts 8,500 jobs, shutters regional airlineAbout 5,300 employees based in Hong Kong and another 600 elsewhere will likely lose their jobs, and 2,600 unfilled positions will be cut. T...
- China, Hong Kong stocks gain on quick economic revival hopesAt the midday break, the Shanghai Composite index was up 0.47 per cent at 2,951.70 points.
- Cathay Pacific unveils US$5 bn bailout planThe virus has caused a collapse in passengers and while its cargo business has kept going Cathay has no domestic demand to fall back on, un...
- Allcargo’s European arm buys logistics firms in HK, SingaporeThe European subsidiary of Mumbai-headquartered logistics firm Allcargo Logistics, has acquired majority stakes in Hong Kong-based PAK DA (...
- A 9,800% stock increase exposes Hong Kong's billionaires on paperHong Kong Stock Exchange & Growth Enterprise Market, are a breeding ground for billionaires.
- Air China hikes Cathay stake, expands presence in HKAir China, the world’s biggest carrier by market value, will invest HK$6.3 billion ($813 million) to raise its stake in Cathay Pacific Airw...
- Citic Pacific hit by wrong-way currency betsCitic Pacific Ltd., a leading symbol of China Inc., has become one of the country's biggest casualties of the financial crisis after a risk...
- Fifth Avenue scripts Asia play with HK ventureThe $100-million Fifth Avenue Holdings has struck a Hong Kong joint venture with former Benetton honcho to do business with global brands a...
- Hong Kong vies with Macau for 2008 China touristsHong Kong, one of Asia's hottest destinations, hopes to welcome more than 30 million visitors in 2008 as mainland Chinese throng the city's...
- China Eastern shareholders reject SIA bidThe outcome is a blow to Singapore Air’s efforts to gain a foothold in China’s booming air travel market.
- Singapore Air-China Eastern deal in troubleThe Singapore Airlines bid to buy a 24% stake in China Eastern Airlines for $923.8 million appeared in trouble on Wednesday after a major s...
- Singapore Airlines, China Eastern deal in troubleThe Singapore Airlines bid to buy a 24 per cent stake in China Eastern Airlines Corp for 7.2 billion Hong Kong dollars appeared in trouble ...
- Simon Murray to join Vodafone boardVodafone Group has inducted Simon Murray as a Non-Executive Director on the board, replacing Lord Broers, who will retire from the board af...
- TCS opens joint venture in ChinaIndia's top IT company, Tata Consultancy Services (TCS) has launched a joint venture in China and announced securing a major contract with ...
- Taj mulls JV with HK realty behemoth Sino GroupIHCL which runs hotels and resorts under the Taj brand, is exploring a joint venture with the Hong Kong-based realty and hospitality behemo...
- Cathay buys Dragon Air, raises stake in Air ChinaCathay Pacific Airways, Asia’s second-most profitable carrier, said independent shareholders approved its HK$8.22bn ($1.1bn) purchase of Ho...
- Cathay Pacific to buy Dragonair for $1.05bnCathay Pacific realised a long-held ambition to gain greater access to the key Chinese market as it announced a deal to take over its small...
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