Hainan Meilan International Airport to Establish Joint Venture with Changi Airports China in Hainan

MT Newswires Live

2024-10-21

美兰空港0.19%

Hainan Meilan International Airport (HKG:0357) agreed to form a joint venture with Changi Airports China in Hainan, a Sunday Hong Kong bourse filing said.

The JV will exclusively operate and manage some non-aeronautical businesses including retail, catering, leisure, advertising, and guest services among others, at Haikou Meilan International Airport.

The company will own 51% of the JV while the JV partner will hold the other 49%.

The aeronautical and non-aeronautical businesses operator's shares closed over 7% higher on Monday.

Price (HKD): $8.50, Change: $+0.59, Percent Change: +7.46%

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