Meilan Airport shares surge nearly 7%, controlling stake to change hands

As of the time of drafting, Meilan Airport's stock price has risen by 6.88%. According to the announcement, Haikou Meilan International Airport will transfer 50.19% of its shares to Hainan Airport for a total consideration of HK$2.52 billion, equivalent to HK$10.62 per share. After completion, the offeror and its concert parties will collectively hold 52.05% of the company's share capital, and will need to make a mandatory general offer at a cash price of HK$10.62 per H share, representing a premium of 10.63% over the closing price of the previous trading day.