Cathay Pacific CEO Ousted Over 'Sympathetic' Response To Protests [zero hedge]
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
hkexgroup.com/investor-relations?sc_lang=en
Company Research
Source: zero hedge
Rupert Hogg, the CEO of Hong Kong-based airline Cathay Pacific has reportedly resigned on Friday, and though no official reason has been given, many suspect it was due to his slow-to-respond and at times seemingly sympathetic treatment of the protest movement, according to BBG.A report about the Cathay board accepting Hogg's resignation appeared on China state TV. No sources were given, but the story was later confirmed by Hong Kong Exchanges and Clearing.What's more, SCMP reports Paul Loo, Cathay's chief customer and commercial officer and a known Hogg deputy, has also stepped down, in what's beginning to look like a purge.Both men resigned to "take responsibility as a leader of the company in view of recent events," the company said in a statement."The Board of Directors believes that it is the right time for new leadership to take Cathay Pacific forward," the airline said in a statement.Augustus Tang Kin-wing, 60, the CEO of maintenance and engineering company Haeco, was appointed
Show less
Read more
Impact Snapshot
Event Time:
HKXCY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HKXCY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HKXCY alerts
High impacting HONG KONG EX&CL UNSP/ADR news events
Weekly update
A roundup of the hottest topics
HKXCY
News
- Gold prices steady as rate cut speculation puts dollar at 2-mth low [Yahoo! Finance]Yahoo! Finance
- Rising Maritime Trade and Efficiency Drive Global Shipping Container Market to reach USD 10,661.5 Million by 2034, Led by Asia-Pacific Region [Yahoo! Finance]Yahoo! Finance
- Caixin Summer Summit 2024 Concludes Successfully: Embracing 'New Missions, New Responsibilities' [Yahoo! Finance]Yahoo! Finance
- Hong Kong IPO: GEM board welcomes its first small-firm listing in 3 years as UBoT soars 36% in trading debut [Yahoo! Finance]Yahoo! Finance
- Gold sees little love from rate cut expectations; Copper struggles [Yahoo! Finance]Yahoo! Finance