OM TAD
MARSHAM ST
1992-07-13 14:55 STATE GS
JL
42 11:24 Had/GMM H• 330 840 W112
(MON) 07.13'92 095 858 4579
NO. 3080733623 P.
2
ASCASN)!
HSBC HOLDINGS PLC
HSBC Holding: plo
FOR RELEASE: 13 JULY 1992
Fort Hall Limited, an indirectly wholly-owned subsidiary of HSBC Holdings plc, has today entered into agreements to sell its 10 per cent shareholding in Cathay Pacific Airways Limited. The shareholding is to be sold in equal proportions to China National Aviation Corporation and to China Travel
Service (Holdings) Hong Kong Limited, at a price of HK$11.80 per share, representing a total consideration of approximately HK$3.39 billion. This represents a surplus of approximately
HK$3.16 billion (£215 million) over the book value of the shareholding in the Group accounts.
Press inquiries: Steve Martin
822 4929
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