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 Drug Cathay Drug The Cathay Drug Company, Inc. (CDCI) is a Philippine pharmaceutical company based in Makati. Cathay Drug was founded in 1952 by the family of Yao Shiong Shio, a widely known postwar industrialist and president of the Filipino-Chinese Chambers of Commerce and Industry in 1974 to 1976. From 1952 to 2000, Cathay Drug Company has been the exclusive distributor of pharmaceutical and animal health products from American company Merck Co., which is known outside the United States and Canada as Merck Sharp and Dohme. The Cathay Drug Company operates exclusively in the Philippines. Its main area of specialization is