海南机场拟超23亿元收购美兰空港约50%股权 标的已在港股上市

Core Viewpoint - Hainan Airport plans to acquire 237.5 million shares of Hainan Meilan International Airport Co., Ltd. for RMB 2.339 billion, aiming to enhance its operational capabilities and capitalize on the opportunities presented by the Hainan Free Trade Port [1][2]. Group 1: Acquisition Details - The acquisition price is set at RMB 9.85 per share, which is higher than the closing price of HKD 9.60 per share on April 30 [1]. - After the acquisition, Hainan Airport will launch a comprehensive tender offer for Meilan Airport, intending to maintain its listing status [1]. Group 2: Operational Impact - In 2024, Meilan Airport is projected to handle 26.89 million passengers, a 10.5% increase year-on-year, marking a historical peak since its inception [1]. - Post-acquisition, Hainan Airport will manage three major airports in Hainan, aiming for an annual passenger throughput exceeding 50 million, thereby strengthening its position as a regional aviation hub [1]. Group 3: Financial Performance - Hainan Airport reported a revenue of RMB 4.368 billion in 2024, with airport management contributing RMB 1.82 billion [2]. - Meilan Airport has faced losses in the past two years, with a loss of RMB 136 million in 2023 and RMB 381 million in 2024 [2]. - The consolidation of operations is expected to improve Meilan Airport's financial performance through enhanced management efficiency and service quality [2].