United Airline
Topic Author
Posts: 8838
Joined: Wed Jan 10, 2001 5:24 pm

CX: Trading In Futures & Options On CPA Suspended

Wed Dec 14, 2005 6:34 pm

Go to: http://www.hkex.com.hk/tradinfo/todaynews/esusp.htm

Does anyone know what's going on? Any pending announcements?
 
kiwiandrew

RE: CX: Trading In Futures & Options On CPA Suspended

Wed Dec 14, 2005 6:42 pm

just googled it - it appears to be related to the 777-300ER order

At the request of Cathay Pacific Airways Limited (the "Company"), trading in its shares has been suspended with effect from 0630 GMT Wednesday pending release of an announcement relating to a major transaction of the Company involving acquisition of aircraft as already announced on 1 December 2005.
 
CX Flyboy
Posts: 6079
Joined: Sun Dec 26, 1999 6:10 pm

RE: CX: Trading In Futures & Options On CPA Suspended

Wed Dec 14, 2005 11:29 pm

It is very odd how it all works. Apparently, and as someone pointed out on the original thread, the original announcement was not an announcement of an order, but an intention of an order. Seems this time they are actually going to sign the paperwork and make it official. Very odd, as I don't see what suspending shares trading will do now!
 
User avatar
PanAm_DC10
Crew
Posts: 3877
Joined: Wed Aug 23, 2000 7:37 am

RE: CX: Trading In Futures & Options On CPA Suspended

Thu Dec 15, 2005 8:50 am

Quoting CX flyboy (Reply 2):
It is very odd how it all works. Apparently, and as someone pointed out on the original thread, the original announcement was not an announcement of an order, but an intention of an order. Seems this time they are actually going to sign the paperwork and make it official. Very odd, as I don't see what suspending shares trading will do now!

It has a "Material Impact" on the long term finances, balance sheet and overall medium to long term outlook for the company given the size of the transactions.

Under HKSE Rules, when an agreement is entered into such as this all listed securities must be suspended from trading. I got rubbished in this and another forum for pointing this out.

You are correct, not much point suspending them now, as they did it yesterday  Wink

Regards, PanAm_DC10
Ask the impossible to achieve the best possible
 
DLKAPA
Posts: 7962
Joined: Wed Dec 03, 2003 10:37 am

RE: CX: Trading In Futures & Options On CPA Suspended

Thu Dec 15, 2005 8:52 am

So who's winning this one? My bets are huge week for Boeing, and even better for those who bought BA stock last night after the QF announcement...
And all at once the crowd begins to sing: Sometimes the hardest thing and the right thing are the same

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos