Weekly CSR Email Newsletter
CSR Assessments and Training in China!Compliance and Sustainability are two sides of the same coin, and businesses must keep their suppliers aware of key concepts to ensure that a business maintains best practices in China. Clear goals, ethics and mission starts with YOU! Find Out More Here.
Distribute Press Releases To Chinese Media!Getting your company's message to journalists is important in China and ChinaNewswire.com can assist you in English-language releases and Xinwengao.com can provide Chinese-language distribution services. Corporate press releases are the most cost-effective way for you to connect with your customers and stakeholders in China!
• Green Building China 2009 @ Beijing - 2009/11/04
Let us work with you in China to manage your email marketing campaigns, loyalty marketing programs, email newsletters, and digital marketing efforts while we improve your email deliverability in China. Our software and staff can help your company stay #1! Visit XZList.com
Cathay Pacific Provides Large Donation To HK, Mainland Charities
October 25, 2006 |
Print
| 
Email
| Category: News
Cathay Pacific Airways has donated 64.7 million shares that it held in China National Aviation Company Limited to 71 Hong Kong, Mainland and Asian charities.
The 71 beneficiaries include 64 Hong Kong charities, six Mainland charities and one Asia-wide charity. The funds donated by Cathay Pacific will benefit the disabled and disadvantaged; children and the elderly; the arts; education; medical care; the environment and conservation; animal welfare; and other worthy causes.
The donations have been made in relation to Cathay Pacific's integration of Dragonair and the privatization offer for CNAC by Air China at not less than HK$2.80 per share, which would value Cathay Pacific's CNAC stake at more than HK$181 million.
Under the Hong Kong Takeovers Code, Cathay Pacific cannot exercise its votes in the CNAC privatization and was obliged to donate its CNAC shares to charitable bodies.
"During the transaction process we found ourselves facing a difficult regulatory problem which had a very agreeable solution," Cathay Pacific Chief Executive Philip Chen said. "The recipients of these shares are all worthy organisations and we think it is befitting that we are able to help them in this way."
Rate this page: 
Loading ...Leave A Comment:
-
Energy & Cleantech
-
Environment
- Mainland And Hong Kong Work On Environmentally-friendly Paper
- PepsiCo Opens First Overseas 'Green' Plant In China
- Chinese Official Suggests Abolishing Disposable Wooden Chopsticks
- Retail Markets In China Face Punishment Over Substandard Plastic Bags
- China First Heavy Industries Fined For Infringement Of Environmental Rules
-
Giving
-
Law & Order
- China Campaigns Against "Cultural Irregularities" On The Internet
- Beijing Sogou Sues Tencent Over Unfair Competition
- Google China Blamed By CCTV For Vulgar Content
- Beijing Will Adopt Real Name Registration For Website Editors And Publishers
- Retail Markets In China Face Punishment Over Substandard Plastic Bags
-
Viewpoints
- Companies Can Help In The March Towards Better Consumer Rights In China
- CSR Review: Companies Have More Opportunities To Develop In China
- How Far Can Chinese Companies Take Corporate Social Responsibility?
- CSR Review: Companies Focus On Sustainability In China During Downturn
- Global Financial Woes May Impact Corporate Social Responsibility In China
Copyright 2003-2009 ChinaCSR.com. All Rights Reserved.
If you would like to syndicate these articles and posts, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from BDL Media.
