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Cathay Pacific Airways ( (HK:0293) ) has provided an announcement.
Cathay Pacific Airways has secured overwhelming shareholder approval for a special resolution authorising an off-market share buy-back, with 99.9968% of independent votes cast in favour at its extraordinary general meeting. Qatar Airways and its concert parties, as required by the Share Buy-backs Code, abstained from voting, while the Hong Kong market regulators’ rules on exempt principal traders and voting rights were duly observed.
Following this approval, the company obtained regulatory clearance from the Executive under the Share Buy-backs Code and executed a buy-back deed with Qatar Airways on the same day as the meeting. Completion of the transaction is expected around 24 February 2026, potentially tightening the airline’s free float and adjusting its shareholder structure, though the company has cautioned investors that the buy-back remains subject to final conditions and may not proceed as anticipated.
The most recent analyst rating on (HK:0293) stock is a Buy with a HK$14.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
More about Cathay Pacific Airways
Cathay Pacific Airways is a Hong Kong-based international airline operating passenger and cargo services across global markets. Listed on the Hong Kong Stock Exchange, the carrier serves as a flagship for Hong Kong’s aviation sector and maintains strategic partnerships with major global airlines, including Qatar Airways as a significant shareholder.
Average Trading Volume: 8,014,283
Technical Sentiment Signal: Buy
Current Market Cap: HK$87.15B
For detailed information about 0293 stock, go to TipRanks’ Stock Analysis page.