Swire Pacific and Cathay Pacific Airways are selling their holdings--19.998% and 10% respectively--in Hong Kong Air Cargo Terminals Ltd. and HACTL Investment Holdings Ltd. The interests in both companies are being purchased by existing shareholders. The sale is valued at HK$1.28 billion ($164 million) for Swire and HK$640 million for Cathay. Both will use the proceeds for general working capital purposes. CX’s sale of its interest in HACTL fulfils an undertaking made to Airport ...

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