Akbar Al Baker, chief executive of Qatar Airways, on the acquisition of a 9.6% stake in the Hong Kong carrier Cathay Pacific. The stake was purchased from Kingboard Chemical and it makes Qatar the third largest shareholder after Swire and Air China. Cathay’s stock fell 4.8% on the news, possibly because investors had been hoping that Air China might make a takeover bid for the Hong Kong carrier.
© ChinTell Ltd. All rights reserved.
Brought to you by HSBC.
The Week in China website and the weekly magazine publications are owned and maintained by ChinTell Limited, Hong Kong. Neither HSBC nor any member of the HSBC group of companies ("HSBC") endorses the contents and/or is involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. The views expressed in these publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. No responsibility will therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein.