Wed Nov 22, 2017 11:47
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Cathay Pacific(00293)buys AHK 40% from DHL
14 Nov 2017
(Infocast News) Cathay Pacific(00293) said that the company and the Vendor entered into the Sale and Purchase Agreement on 14th November 2017 for Cathay Pacific to purchase and the Vendor, a wholly owned subsidiary of DHL, to sell the AHK Minority Interest (being 36.268 million class B ordinary shares in AHK held by the Vendor and representing 40% of the issued share capital of AHK) for a consideration of HK$36.268 million plus the retained earnings (if any) attributable to the AHK Minority Interest, payable in cash on completion of the
Share Transaction. Upon completion of the Share Transaction on or before 31st
December 2018, AHK will become a wholly owned subsidiary of Cathay Pacific.

Upon completion of the Share Transaction on or before 31st December 2018, DHL
will cease to have any interest in AHK, which is a subsidiary of the Company. AHK Air Hong Kong Limited is a company incorporated in Hong Kong, whose principal activity is the operation of cargo airline services. (SY)
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