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An announcement from Hainan Meilan International Airport Company ( (HK:0357) ) is now available.
Hainan Meilan International Airport Company Limited has announced a further delay in sending a shareholder circular related to framework agreements and continuing connected transactions that require independent review. The circular, which will include details of non-exempt continuing connected transactions, advice from an independent financial adviser, a letter from the independent board committee and the notice of an extraordinary general meeting, is now expected to be dispatched on or before 5 June 2026, later than the previously indicated 20 May 2026, highlighting the need for more time to finalize key advisory materials and potentially postponing shareholder consideration of these transactions.
The delay may briefly extend uncertainty for shareholders and connected counterparties regarding the terms and approval of the continuing connected transactions, as the extraordinary general meeting will depend on the completion and circulation of these documents. However, the company’s decision to allow additional time to complete the independent advice and related disclosures underscores an emphasis on regulatory compliance and thorough communication with independent shareholders in the context of related-party dealings.
The most recent analyst rating on (HK:0357) stock is a Sell with a HK$6.40 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 PRC-incorporated joint stock company that operates the Meilan International Airport in Hainan Province. The company is listed in Hong Kong and is overseen by a board comprising executive, non-executive, independent non-executive and employee directors, reflecting a typical governance structure for a listed infrastructure operator.
Average Trading Volume: 680,517
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.73B
For an in-depth examination of 0357 stock, go to TipRanks’ Overview page.