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The latest announcement is out from Cathay Pacific Airways ( (HK:0293) ).
Cathay Pacific Airways has announced a possible off-market share buy-back involving 643,076,181 shares owned by Qatar Airways, representing approximately 9.57% of its issued shares. The buy-back is contingent upon approval from independent shareholders and regulatory bodies. If completed, the buy-back will increase the proportional interest of other shareholders and reduce the company’s public float to approximately 20.53%, below the minimum required by the Listing Rules. The company has received a Public Float Waiver from the Stock Exchange, conditional on disclosing the details and rationale for the waiver.
The most recent analyst rating on (HK:0293) stock is a Buy with a HK$12.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
More about Cathay Pacific Airways
Cathay Pacific Airways Limited is a Hong Kong-based airline company, operating primarily in the aviation industry. It provides passenger and cargo air transportation services, focusing on both regional and international markets.
Average Trading Volume: 9,196,153
Technical Sentiment Signal: Buy
Current Market Cap: HK$75.43B
For detailed information about 0293 stock, go to TipRanks’ Stock Analysis page.