Paul Chan expects the internal rate of return of the investment to be between 4 percent and 7.5 percent. Previous NextThe government will invest in HK$27.3 billion in Cathay Pacific Group through the multi-billion-dollar Land Fund, the Financial Secretary Paul Chan Mo-said today. He made the remarks just hours after British conglomerate Swire Pacific, which holds 45 percent of Cathay Pacific, announced a HK$38.9 billion recapitalization plan to strengthen the airline's balance sheet. Chan said he expects the internal rate of return of the investment to be between 4 percent and 7.5 percent, which is higher than the land fund's rate of return of 3.7 percent over the past six years.

Source: The Standard June 09, 2020 08:03 UTC