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Hainan Meilan International Airport Company ( (HK:0357) ) has provided an announcement.
Hainan Airport Infrastructure Co., Ltd. is in the process of acquiring approximately 50.19% shareholding in Hainan Meilan International Airport Company Limited. This acquisition involves a possible unconditional mandatory cash offer to acquire all domestic and H shares not already owned by Hainan Airport Infrastructure. The completion of this offer is contingent on the satisfaction of certain conditions, some of which have been met, while others are still pending. The ongoing negotiations and regulatory approvals are crucial for the completion of the acquisition, which could significantly impact the company’s market positioning and stakeholder interests.
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 is a joint stock company incorporated in the People’s Republic of China. It operates within the airport infrastructure industry, focusing on the management and development of airport facilities. The company’s market focus includes both domestic and international aviation services.
Average Trading Volume: 2,552,741
Technical Sentiment Signal: Hold
Current Market Cap: HK$4.87B
Find detailed analytics on 0357 stock on TipRanks’ Stock Analysis page.