An aircraft from Cathay Pacific. Photo from Cathay Pacific Twitter |
Cathay said it will pay any remaining unpaid preference share dividends up to July 31, bringing total preference share dividends paid to the Hong Kong SAR Government over its holding period to HK$2.44 billion.
The preference shares were issued to the Hong Kong government as part of the group's recapitalisation financing in 2020. The stake being bought back by Cathay Pacific is valued at HK$9.75 billion ($1.25 billion).
($1 = 7.8101 Hong Kong dollars)