Hainan Meilan International Airport Co. Ltd. Announces Equity Transfer in Tianyu and Capital Contribution into HNA Technic

Reuters
Aug 27
Hainan Meilan International Airport Co. Ltd. Announces Equity Transfer in Tianyu and Capital Contribution into HNA Technic

Hainan Meilan International Airport Co. Ltd. has announced a significant transaction involving the transfer of equity interest in Tianyu from Hainan Airport Development to HNA. Additionally, there will be a pro rata capital contribution by both Hainan Airport Development and HNA into HNA Technic. Hainan Airport Development expects that this transfer will allow it to concentrate more on its main airport business and optimize resource allocation. Following the completion of the Tianyu Transfer, it is anticipated that Hainan Airport Development will receive an investment income of approximately RMB203 million, subject to the final audited financial report. This transaction is seen as a strategic move by HNA, which considers Tianyu crucial for its daily operations.

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