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 are The Cathay Residences. In May, Cathay Cineplexes hosted a party to mark the opening of its flagship cineplex at Cineleisure Damansara in Kuala Lumpur. Cathay Cineplex Damansara with 10 screens opened and in conjunction with the opening, Cathay Cineplexes effected its change in name from Mega Pavilion Cinemas to Cathay Cineplexes. In June 2006, Cathay Organisation effected its voluntary delisting from SESDAQ. In October 2006, The Cathay Gallery at The Cathay on Handy Road opened. The Cathay Gallery features the history of the Loke family and their various business interests in Malaysia and Singapore. A collection of memorabilia related