Swire’s Offices in Hong Kong’s Admiralty district, pictured in August 2020. Photo: SCMP / K. Y. Cheng
Swire’s Offices in Hong Kong’s Admiralty district, pictured in August 2020. Photo: SCMP / K. Y. Cheng

Swire Pacific plans US$510 million stock buy-back, defying short-term challenges in show of confidence on profit rise

  • The buy-back – one of the bigger plans by Hong Kong-listed firms – comes amid narrowing losses at Cathay Pacific and a dip in profits at Swire Properties
  • Company expresses confidence in medium and long-term prospects as profits in the first six months rise 38 per cent year on year

Swire’s Offices in Hong Kong’s Admiralty district, pictured in August 2020. Photo: SCMP / K. Y. Cheng
Swire’s Offices in Hong Kong’s Admiralty district, pictured in August 2020. Photo: SCMP / K. Y. Cheng
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