Swire Pacific Holdings is attempting to privatize MRO provider Hong Kong Aircraft Engineering Co. (HAECO) by purchasing the outstanding shares it does not yet control. Swire currently holds about 75% of HAECO, and proposes canceling the remaining 25% and paying those shareholders HK$72 ($9.18) per share. This would require Swire to pay almost HK$3 billion for the remaining shares. If the Swire attempt is successful, HAECO will be delisted. HAECO shareholders will have the chance to vote on ...


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