Hong Kong Aircraft Engineering Co Ltd (0044.HK)
19 Nov 2018
* Offer price 31 pct lower than failed 2010 bid (Recasts, adds 2010 bid and analyst comment)
HONG KONG Cathay Pacific Airways Ltd shareholder Swire Pacific Ltd said it plans to take maintenance unit Hong Kong Aircraft Engineering Co Ltd private for about HK$3 billion ($382 million), citing low levels of trade in its shares.
HONG KONG, June 11 Swire Pacific Ltd said it planned to take unit Hong Kong Aircraft Engineering Co Ltd (HAECO) private for about HK$3 billion ($382 million), as low liquidity meant HAECO's listing was no longer a worthwhile source of funding.