NEWS BRIEF: Swire family member sells down Swire A, Swire Properties holdings

0019.HK 1972.HK 0087.HK

Swire Pacific Ltd. (0019.HK) non-executive director Merlin Swire recently reduced his holdings in Swire Pacific, including his sale of all of his 301,000 shares in Swire A. He also reduced his shareholding in Swire B (0087.HK), dropping it to 0.05%, and sold his remaining 1.15 million shares in Swire Properties (1972.HK). Proceeds from the sales totaled about HK$40 million ($5.1 million).

Merlin Swire is a sixth-generation member of the Swire family that founded Swire, a conglomerate that is one of Hong Kong’s largest real estate developers. He joined the Hong Kong Swire Group in 1997, and is currently the CEO of British Swire Group.

By Lau Chi Hang

, ,

Related Articles

RELATED ARTICLES

  1. The independence of independent directors of listed companies is sometimes questioned, as the restriction on independence does not cover relationships such as fellow students and friends.
    How do companies ensure their independent directors are really independent?
  2. FAST NEWS: SenseTime plummets on founder’s sudden death
    0020.HK
  3. Fosun Tourism embarks on new journey with departure of big-name director
    1992.HK
  4. Facing anemic trading, Hong Kong considers staying open in foul weather
  5. Travel rush is not golden enough for investors in CTG Duty Free
    1880.HK
  6. Freight giant Lalatech takes on IPO delivery challenge
Discover hidden China stock gems in our weekly newsletter

Follow us

Facebook Twitter Linkedin Weixin Weibo Youtube

Subscribe to Our Free eNewsletter

Subscribe

Check out our content with some of our syndication partners

factiva

Recent Articles

BRIEF: Sinotruk executive director Zhang Wei resigns

Truck maker Sinotruk (Hong Kong) Ltd. (3808.HK) said on Friday that executive director Zhang Wei resigned “due to work redeployment.” Such redeployments are relatively common for top executives at big…
3808.HK
CTG Duty Free operates nearly 200 duty free retail stores in China, and listed in Shanghai in 2009 and Hong Kong in 2022.

FAST NEWS: CTG Duty Free’s vice chairman leaves to retire

The Latest: Duty-free store operator China Tourism Group (CTG) Duty Free Corp. Ltd. (1880.HK; 601888.SH) announced Thursday its executive director and vice-chairman Chen Guoqiang has retired from the company. Looking Up: The…
1880.HK 601888.SHG
New Gonow's IPO approved by CSRC

New Gonow drives closer to Hong Kong listing

The recreational vehicle maker has received the green light from China’s securities regulator to list in Hong Kong, in an IPO that could raise around $100 million Key Takeaways: New…