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Hainan Meilan International Airport Company ( (HK:0357) ) has issued an update.
Hainan Airport Infrastructure Co., Ltd. is in the process of acquiring approximately 50.19% shareholding in Hainan Meilan International Airport Company Limited. The acquisition 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 Hainan Airport Infrastructure (Hong Kong) Co., Limited. Several conditions for the acquisition have been satisfied, with others still pending, including regulatory approvals. The completion of these offers could significantly impact the company’s operations and market positioning by consolidating control under Hainan Airport Infrastructure.
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 with limited liability, operating within the airport infrastructure industry. The company is primarily involved in managing and operating airport facilities, with a focus on enhancing airport services and infrastructure to support aviation activities.
YTD Price Performance: 21.30%
Average Trading Volume: 2,815,506
Technical Sentiment Signal: Hold
Current Market Cap: HK$5.28B
See more data about 0357 stock on TipRanks’ Stock Analysis page.