Swire offers HK$9.4bn for HKAE

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

If successful, 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.

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

If successful, 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.