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Hainan Meilan International Airport Company ( (HK:0357) ) has provided an announcement.
Hainan Airport Infrastructure Co., Ltd. has partially satisfied the conditions required for acquiring a 50.19% shareholding in Hainan Meilan International Airport Company Limited. The acquisition process involves a possible unconditional mandatory cash offer to acquire all domestic shares not already owned by Hainan Airport Infrastructure Co., Ltd., and a similar offer for H shares by China International Capital Corporation Hong Kong Securities Limited on behalf of Hainan Airport Infrastructure (Hong Kong) Co., Limited. Several conditions have been met, including shareholder approvals and financing arrangements, but some conditions remain pending. Further announcements will be made as conditions are fulfilled.
The most recent analyst rating on (HK:0357) stock is a Sell with a HK$6.30 price target. To see the full list of analyst forecasts on Hainan Meilan International Airport Company stock, see the HK:0357 Stock Forecast page.
More about Hainan Meilan International Airport Company
Hainan Meilan International Airport Company Limited is a joint stock company incorporated in the People’s Republic of China, focusing on airport infrastructure. The company is involved in the management and operation of airports, providing services related to air transportation and logistics.
Average Trading Volume: 2,579,833
Technical Sentiment Signal: Hold
Current Market Cap: HK$5.04B
Learn more about 0357 stock on TipRanks’ Stock Analysis page.