Cathay shares plunge after airline announces sale of $ 1.15 billion bonds to stem cash crunch – The Straits Times
Cathay shares plunge after airline announces sale of $ 1.15 billion bonds to stem cash crunch – The Straits Times
HONG KONG (AFP) – Shares of Hong Kong flagship carrier Cathay Pacific plunged on Thursday (January 28) after the struggling airline reported a sale of Hong Kong $ 6.7 billion bonds (1, $ 15 billion) in an attempt to stem its liquidity burn. The company fell 9%, days after warning that new quarantine measures planned […]
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