Latest data from the Hong Kong Stock Exchange reveals that on January 8, Air China Limited sold 108.08 million shares of Cathay Pacific Airways Limited (00293) at a price of HK$12.22 per share, amounting to a total consideration of approximately HK$1.321 billion. Following this disposal, Air China's remaining shareholding stands at approximately 4.719 billion shares, representing a 70.20% stake in the airline. The transaction involved a connected party: China National Aviation Holding Corporation.
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Air China Reduces Stake in Cathay Pacific by Approximately 108 Million Shares at HK$12.22 Each
Stock News01-12
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