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The latest update is out from Hainan Meilan International Airport Company ( (HK:0357) ).
Hainan Airport Infrastructure Co., Ltd. is in the process of acquiring approximately 50.19% of Hainan Meilan International Airport Company Limited’s shareholding. This acquisition involves a possible unconditional mandatory cash offer to acquire all domestic and H shares not already owned by Hainan Airport Infrastructure Co., Ltd. The completion of this offer is contingent upon the satisfaction of certain conditions, some of which have already been met. The remaining conditions are being actively pursued, and further announcements will be made as developments occur.
The most recent analyst rating on (HK:0357) stock is a Hold with a HK$10.50 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 operates in the aviation industry, focusing on airport management and related services. The company is primarily involved in the operation and management of Hainan Meilan International Airport, which serves as a key transportation hub in the People’s Republic of China.
YTD Price Performance: 14.13%
Average Trading Volume: 1,594,341
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.97B
For a thorough assessment of 0357 stock, go to TipRanks’ Stock Analysis page.