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Old 24th Apr 2009, 07:54
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SMOC
 
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Here it is,


HONG KONG - In April 2009, the board of Cathay Pacific Airways Ltd (Cathay), a provider of air transportation services, authorized the repurchase of up to 393.363 mil ordinary shares, or about 10% of the Company's entire share capital, in an open market transaction. Based on Cathay's closing stock price of HKD 8.15 (USD 1.052) on 02 April 2009, the last full trading day prior to the announcement of the board?s approval, the buyback had an indicated value of up to HKD 3.206 bil (USD 413.726 mil) in cash.
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