Cathay Pacific shares suspended ahead of “transaction”
Trading of Cathay Pacific Airways shares on the Hong Kong Stock Exchange was suspended earlier today after reaching a record high of HK$23.05 ($2.96) in the morning.The airline said it requested the suspension due to the pending announcement of “a proposed transaction, which constitutes price sensitive information.”
There has been speculation that Air China, in which Cathay owns a sizeable share, could be poised to derail Singapore Airline’s attempt to buy into China Eastern.
Cathay’s shares closed at the midday break at HK22.70 ($2.92), up 10.7 percent over the previous day’s close.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now