Swire Pacific Updates on Subsidiary’s Buy-Back Programme

Swire Pacific (HK:0019) has released an update.

Swire Pacific Limited has announced an update on the HK$1.5 billion share buy-back programme for its subsidiary, Swire Properties Limited. The update is regarded as inside information, and the company advises shareholders and potential investors to trade cautiously. Swire Pacific, which owns 82% of Swire Properties, has entered into an agreement with an independent broker to facilitate the buy-backs.

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