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Hainan Meilan Airport Announces Special Deals Involving Equity Transfer and Capital Contribution

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Hainan Meilan Airport Announces Special Deals Involving Equity Transfer and Capital Contribution

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Hainan Meilan International Airport Company ( (HK:0357) ) has shared an announcement.

Hainan Meilan International Airport Company has announced special deals involving the transfer of equity interest in Tianyu from Hainan Airport Development to HNA, and a pro rata capital contribution by Hainan Airport Development and HNA into HNA Technic. These transactions are considered special deals under the Takeovers Code, requiring consent from the Executive, and are subject to approval by Independent Shareholders. The deals are expected to impact the company’s financial structure and stakeholder interests, with the Independent Financial Adviser required to publicly state their fairness and reasonableness.

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 is a joint stock company incorporated in the People’s Republic of China, operating in the airport infrastructure industry. The company is involved in the development and management of airport facilities, providing essential services for air travel and logistics.

Average Trading Volume: 2,513,774

Technical Sentiment Signal: Buy

Current Market Cap: HK$4.95B

Find detailed analytics on 0357 stock on TipRanks’ Stock Analysis page.

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