Cathay Pacific Airways announced Monday that it had bought back 50 percent of the government's preference shares for HK$9.75 billion, and plans to buy the remainder by the end of next July.
A total of HK$19.5 billion in preference shares were issued to the SAR government as part of the group's recapitalization financing in 2020.
Cathay said it will continue to pay dividends on the remaining preference shares as they fall due.
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