Hainan Meilan International Airport Co., Ltd. announced the intention to issue no more than 78 million new Listed in Hong Kong shares, with an expected total financing amount of approximately 6.363 billion yuan. After the issuance is completed, the total number of the company's Listed in Hong Kong shares will increase to 0.16 billion shares, accounting for 50.19% of the expanded issued share capital. The holding shareholder, Haikou Meilan International Airport Limited Liability Company, will see its ownership ratio decrease from 64.97% to 47.76%, but it will still maintain its controlling position.The funds raised from this issuance will be used for the airport's expansion and renovation projects, repaying bank loans, and supplementing working capital. About 3.671 billion yuan (57.69%) will be used for the Phase...Show More

Hainan Meilan International Airport Co., Ltd. announced the intention to issue no more than 78 million new Listed in Hong Kong shares, with an expected total financing amount of approximately 6.363 billion yuan. After the issuance is completed, the total number of the company's Listed in Hong Kong shares will increase to 0.16 billion shares, accounting for 50.19% of the expanded issued share capital. The holding shareholder, Haikou Meilan International Airport Limited Liability Company, will see its ownership ratio decrease from 64.97% to 47.76%, but it will still maintain its controlling position.The funds raised from this issuance will be used for the airport's expansion and renovation projects, repaying bank loans, and supplementing working capital. About 3.671 billion yuan (57.69%) will be used for the Phase II expansion of Meilan Airport, and approximately 2.692 billion yuan (42.31%) will be used to repay bank loans. The company stated that this move will optimize the capital structure, reduce the asset-liability ratio, and enhance the overall competitiveness of the company.According to the announcement, this issuance constitutes a related transaction and requires approval from the shareholders' meeting and class shareholders' meeting. Major shareholders include Haikou Meilan (47.76%), China Construction Bank Corporation (14.18%), and Industrial And Commercial Bank Of China (2.42%). The company expects that after the issuance is completed, the public shareholding of Listed in Hong Kong shares will reach 35.03%, meeting the minimum public shareholding requirement of the Hong Kong Stock Exchange.