Cathay Pacific Airways announced the donation of its 64.7 million shares in China National Aviation Co. to 64 charities in Hong Kong, six in China and one pan-Asian organization under terms of the Hong Kong Takeovers Code that forbids the carrier from exercising its votes in CNAC's privatization (ATWOnline, June 23). "During the transaction process we found ourselves facing a difficult regulatory problem which had a very agreeable solution," CX CEO Philip Chen said. Cathay said its CNAC ...

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