Ge Long Hui·2026-03-12 23:44Core Viewpoint - Swire Pacific Limited has announced a placement agreement to sell approximately 153 million shares of Cathay Pacific Airways at a price of HKD 11.74 per share, representing a discount of about 9.6% from the market price on the agreement date [1][2] Group 1 - The placement will result in Swire Pacific's ownership in Cathay Pacific reducing from approximately 47.64% to about 45.12% of the total issued shares, assuming no changes in the total number of shares [2] - The net proceeds from the placement are expected to be approximately HKD 1.789 billion, which will be used for general working capital purposes [1] - The placement is intended to restore the company's shareholding in Cathay Pacific to historical levels prior to the share buyback by Qatar Airways Group [2]