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The latest announcement is out from Hainan Meilan International Airport Company ( (HK:0357) ).
Hainan Airport Infrastructure Co., Ltd. has completed the acquisition of approximately 50.19% of the issued share capital of Hainan Meilan International Airport Company Limited through the purchase of 237.5 million domestic shares for about RMB2.34 billion, giving the buyer and its concert parties an aggregate 52.05% controlling stake. Following this completion, unconditional mandatory cash offers are being made to acquire all remaining domestic shares not already owned or agreed to be acquired by Hainan Airport Infrastructure, as well as all H shares via an offer conducted on its behalf, a move that consolidates control of the Hainan Meilan airport operator and could reshape its ownership structure and strategic direction for shareholders and other stakeholders.
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 that operates airport infrastructure and related services, with its shares listed in Hong Kong. The company focuses on managing and developing Hainan Meilan International Airport, serving as a key aviation gateway for Hainan province and supporting regional air travel and tourism growth.
Average Trading Volume: 1,834,907
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.15B
See more insights into 0357 stock on TipRanks’ Stock Analysis page.