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Hainan Meilan International Airport Company ( (HK:0357) ) just unveiled an update.
Hainan Airport Infrastructure Co., Ltd. has announced the acquisition of approximately 50.19% shareholding in Hainan Meilan International Airport Company Limited. This acquisition includes a possible unconditional mandatory cash offer to acquire all remaining domestic shares and H shares not already owned by Hainan Airport Infrastructure Co., Ltd. or its concert parties. The transaction, valued at RMB2,339,375,000, is expected to consolidate Hainan Airport Infrastructure’s control over Hainan Meilan International Airport, potentially impacting its market positioning and stakeholder interests.
More about Hainan Meilan International Airport Company
Hainan Meilan International Airport Company Limited operates in the aviation industry, focusing on airport management and related services. The company is a joint stock company incorporated in the People’s Republic of China with limited liability.
YTD Price Performance: 9.65%
Average Trading Volume: 500
Technical Sentiment Signal: Hold
Current Market Cap: $613.7M
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