Hong Kong Conglomerate Swire Pacific Announces $510 Million Share Buyback, Share Price Rises 17%
12th August 2022 | Hong Kong
Hong Kong conglomerate Swire Pacific has announced a $510 million (HKD 4 billion) share buyback on the 11th of August 2022, with shares rising by 17% (11/8/22: HKD 45.05, 12/8/22: 52.80). Swire Pacific is a Hong Kong-based international conglomerate with businesses in property, beverages, aviation, investments, trading & industrial, including Cathay Pacific Airlines and 18 Coca-Cola production facilities in China, Hong Kong, Taiwan & United States. Swire Pacific parent group is London-based John Swire & Sons, and was founded in 1816 by John Swire as an import-export company (textile) in Liverpool (UK).
“ Hong Kong Conglomerate Swire Pacific Announces $313 Million Share Buyback, Share Price Rises 17% “
About Swire Pacific
Swire Pacific is a Hong Kong-based international conglomerate with a diversified portfolio of market leading businesses. The Company has a long history in Greater China, where the name Swire or 太古 has been established for over 150 years. Our aims are to deliver sustainable growth in shareholder value, achieved through sound returns on equity over the long term, and to return value to shareholders through sustainable growth in ordinary dividends. Our strategy is focused on Greater China and South East Asia, where we seek to grow our core divisions of Property, Beverages and Aviation, as well as new areas of growth such as healthcare and sustainable foods.