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Hainan Meilan International Airport Company ( (HK:0357) ) has issued an update.
Hainan Meilan International Airport Company Limited has announced a significant development regarding the acquisition of approximately 50.19% of its shareholding by Hainan Airport Infrastructure Co., Ltd. This move includes potential unconditional mandatory cash offers to acquire all domestic and H shares not already owned. The announcement highlights that while several conditions have been satisfied, others remain pending, particularly involving regulatory approvals. This development could impact the company’s operational dynamics and market positioning, with implications for shareholders and potential investors.
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. It is a joint stock company incorporated in the People’s Republic of China, with a significant market presence in the region.
Average Trading Volume: 2,368,160
Technical Sentiment Signal: Hold
Current Market Cap: HK$4.99B
See more insights into 0357 stock on TipRanks’ Stock Analysis page.