Cathay Group completes buyback of warrants issued to Hong Kong SAR government

September 16th 2024

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Hong Kong’s Cathay Group has continued to unwind recapitalisation efforts undertaken in the early stages of the pandemic with the buyback of warrants issued to the Hong Kong Special Administrative Region (HKSAR) government valued at HK$1.5 billion (US$196 million). Read More » The buyback of the outstanding warrants follows the July redemption of preference shares issued to the HKSAR government. “Completing the buyback of the preference shares and the warrants marks the close of a significant chapter in Cathay’s history,” Cathay Group CEO, Ronald Lam, said. “Now, we are firmly focused on pursuing our vision of becoming one of the world’s greatest service brands.”