Jan 28, 2021 SOURCE: AFP
Cathay Pacific shares plunge as bond sale announced to stem cash crisis
Shares in Hong Kong's marquee carrier Cathay Pacific plunged on Thursday after the struggling airline unveiled a HK$6.7 billion (US$870 million) bond sale to try to stem its rampant cash burn.
The firm's stock tumbled 9.7 percent as the market closed in Hong Kong, days after it warned new quarantine...
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