HONG KONG: Swire Pacific Ltd is making a second attempt to take maintenance unit Hong Kong Aircraft Engineering Co Ltd (Haeco) private, offering minority investors a 64% premium to its last closing price in a US$380mil deal.
Shares in Haeco, one of the world’s largest independent aircraft maintenance, repair and overhaul (MRO) providers shot 58% higher to HK$69.50, their highest level in nearly three years, but below the offer price of HK$72 per share.
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