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HK’s Cathay Pacific shares set to open up 18.7% after $5 billion rescue package

Shares of Cathay Pacific Airways Ltd were set to open sharply up 18.7% on Wednesday after it announced a HK$39 billion ($5 billion) recapitalisation plan led by the Hong Kong government to help it weather the coronavirus pandemic.

    

Written by

Peter Zirbes, ESQ. A Full Service Law Office 718 544 6300