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HKG:0087

4 stories mentioning HKG:0087Updated 2d ago

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Asia

Update: Hong Kong Probes Fatal Fall at Swire Pacific Unit's HAECO Hangar

(Updates to add HAECO's response to' email seeking comment)Hong Kong's Labour Department has launched an investigation after a worker died in a fall at an aircraft hangar operated by Hong Kong Aircraft Engineering Company (HAECO), a subsidiary of Swire Pacific (HKG:0019, HKG:0087), on Monday.Police received a report at 8:35 a.m. that a worker had been injured at HAECO's Chek Lap Kok facility.The Labour Department said the worker fell from the working platform of a fuselage dock while carrying out maintenance on an aircraft hull. He was later pronounced dead at the hospital.The department issued a suspension notice prohibiting the use of the fuselage dock involved until the employer has taken adequate measures to eliminate the relevant safety risks.HAECO, in an emailed response to' request for comment, confirmed the fatal incident and said the company is fully cooperating with relevant authorities.Meanwhile, Swire Pacific did not immediately respond to' request for comment.

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Asia

Hong Kong Probes Fatal Fall at Swire Pacific Unit's HAECO Hangar

Hong Kong's Labour Department has launched an investigation after a worker died in a fall at an aircraft hangar operated by Hong Kong Aircraft Engineering Company (HAECO), a subsidiary of Swire Pacific (HKG:0019, HKG:0087), on Monday.Police received a report at 8:35 a.m. that a worker had been injured at HAECO's Chek Lap Kok facility.The Labour Department said the worker fell from the working platform of a fuselage dock while carrying out maintenance on an aircraft hull. He was later pronounced dead at the hospital.The department issued a suspension notice prohibiting the use of the fuselage dock involved until the employer has taken adequate measures to eliminate the relevant safety risks.HAECO and Swire Pacific did not immediately respond to' request for comment.

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Asia

Swire Pacific Unit to Raise HK$4.70 Billion via Debt Offering

Swire Pacific (HKG:0019, HKG:0087) said its Swire Pacific Finance unit was looking to raise HK$4.70 billion via a bond offering, according to a Tuesday filing with the Hong Kong bourse.The bonds will convert into Cathay Pacific Airways (HKG:0293) shares based on an initial exchange price of HK$13.18 each. Assuming full conversion, the bonds would convert into 356.6 million Cathay Pacific shares representing 5.9% of the business.The bonds mature on June 16, 2027, and do not bear interest.Swire Pacific said it will use the proceeds for general working capital purposes.Cathay Pacific's shares slumped nearly 7% in recent trade, while Swire Pacific's class A and B shares fell more than 1%.

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Asia

Cathay Pacific Airways Chair To Retire; Successor Named

Cathay Pacific Airways (HKG:0293) Chair Patrick Healy will retire and step down from the board following the company's annual general meeting on Wednesday, according to a same-day Hong Kong bourse filing.Guy Bradley, currently a non-executive director of the airline, will be elected chair of the board.Bradley has been a director of Cathay Pacific since August 2021 and is chairman of Swire Pacific (HKG:0019, HKG:0087) and Swire Properties (HKG:1972).He joined the Swire group in 1987 and has held roles across Hong Kong, the Chinese mainland, the U.S., Japan, Vietnam, and the Middle East.

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