Back

Release Date:
Release ID: 4736

Hactl Continuing Shareholders Increase Interests

(25 May 2010, Hong Kong:) It has been announced today that the shareholders previously comprising 60% of Hactl have increased their interests to 100% on a pro rata basis by acquiring shares owned by Cathay Pacific related companies. The continuing shareholders are Jardine Matheson, Hutchison Port Holdings, Wharf Holdings and China National Aviation Corporation. The acquisition follows Cathay Pacific’s decision to proceed with the development of its own air cargo terminal at Hong Kong International Airport, which is due to complete in 2013.

The increased investment in Hactl by its continuing shareholders clearly demonstrates their confidence in Hactl's long-term growth and development. Hactl will benefit from the excellent prospects for the expansion of air cargo in the region and from Hong Kong International Airport’s status as the world’s leading air cargo hub.

Commenting on the Company’s prospects Hactl Managing Director, Anthony Wong, said “The Hactl Management team remains fully committed to ensuring that the Company maintains its award-winning status as the leading air cargo terminal in the world. We look forward to continuing to partner with our customers to support their growth in Hong Kong and the region.”

Freightpress.comFreightpress.com
59 Piccadilly Manchester M1 2AQ
Telephone: +44 (0)161 408 0542
Fax: +44 (0)870 432 1732

print button Freight Press XML feed

Freight Forwarders

Freight Services

About Freightnet

Payment Options

Worldpay Payments Processing PayPal Logo

American Express payments supported by WorldpayMastercard payments supported by WorldpayJCB payments supported by WorldpayMaestro payments supported by WorldpayVisa Credit and Debit payments supported by Worldpay

© The Adora Group Limited 2016 - Publishers of Freightnet