Jun 9, 2020 SOURCE: AFP
Cathay Pacific announces US$5 bn recapitalisation plan
Cathay Pacific announced a HK$39 billion ($5 billion) recapitalisation plan on Tuesday with Hong Kong's government providing loans in exchange for a stake in the company as it battles a crippling downturn caused by the coronavirus.
"Cathay Pacific has explored available options and believes that a recapitalisation is required to...
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