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The latest announcement is out from Hainan Meilan International Airport Company ( (HK:0357) ).
Hainan Meilan International Airport Company has entered into two framework agreements with Hainan Airport Infrastructure to govern a broad range of mutual procurement and service arrangements through the end of 2028, subject to independent shareholder approval. The accords cover the purchase and provision of products such as food, fuel, equipment, and IT systems, as well as extensive support services from logistics and maintenance to security and marketing, aiming to formalize ongoing connected transactions and strengthen operational integration and internal controls between the related airport groups.
The company will categorize these transactions into services and products supplied by the Group to Hainan Airport Infrastructure Group and those supplied in return, which is intended to enhance transparency and regulatory compliance. The structured framework is likely to streamline day‑to‑day operations, optimize resource sharing across the two entities, and may reinforce the company’s position within the regional airport ecosystem while providing clearer oversight for minority shareholders over related‑party dealings.
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, operating in the airport and aviation infrastructure sector. Its business centers on operating Hainan Meilan International Airport and related facilities, providing aviation support, logistics, and commercial services to airlines, passengers, and airport stakeholders in Hainan Province.
YTD Price Performance: -25.23%
Average Trading Volume: 1,988,084
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$3.79B
For detailed information about 0357 stock, go to TipRanks’ Stock Analysis page.