Cathay Pacific and became a successful businessman. Swire later acquired 52% of Cathay Pacific Airways. , the airline is still 45% owned by Swire Group through its subsidiary Swire Pacific Limited, as the largest shareholder. However, Swire Group also formed a shareholders' agreement with the second largest shareholder Air China (which was controlled by state-owned China National Aviation Holding), which Cathay Pacific and Air China had a cross ownership. In the late 1940s, the Hong Kong government divided the local aviation market between Cathay Pacific and its only local competitor, the Jardine Matheson-owned Hong Kong Airways: Cathay Pacific was allocated routes to
Cathay Organisation "The Straits Times" in 1998. In a "Nominate your favourite cinema" contest conducted by Adpost, Cathay Cineplex Orchard was voted the runaway favourite. Mega Pavilion in Kompleks Bukit Jambul was voted the Second best cinema in Malaysia by listeners on a Malaysian radio channel. In 1999, Cathay Organisation Holdings Ltd became a public-listed company on the SESDAQ with five wholly owned subsidiaries; Cathay Cineplexes Pte Ltd (cineplex operations), Cathay Bowl Pte Ltd (bowling centre operations), Cathay-Keris Films Pte Ltd (film acquisition & distribution), Cathay Cineleisure International Pte Ltd (entertainment centre management) and Cathay Properties Pte Ltd (property management services). The