Haikou Meilan International Airport (company) explained

Type:joint venture
Industry:holding company
Hq Location:Meilan Airport
Hq Location City:Haikou
Hq Location Country:China
Revenue Year:2015
Income Year:2015
Net Income Year:2015
Assets Year:2015
Equity Year:2015
Subsid:HNA Infrastructure
Rating:AA+ (Orient, September 2017)[1]
Footnotes:in consolidated financial statement[2]

Haikou Meilan International Airport Co., Ltd. is a Chinese company. The company was the developer, owner and operator of the airport of the same name. However, the airport is now operated by the company's subsidiary HNA Infrastructure Co., Ltd. (formerly known as Hainan Meilan Airport).

History

Haikou Meilan International Airport Co., Ltd. was incorporated on 25 August 1998 by a consortium of Civil Aviation Administration of China (50%), Hainan Airlines (33.4%) China National Aviation Fuel Group (8.3%) and Hainan International Trust Investment Corporation (8.3%). Initially the company had a share capital of . The company takeover the development of the airport from Haikou Meilan International Airport Corporation, a subsidiary of Hainan Airport in the same year.[3] [4]

In 2000, HNA Group, an associate company of Hainan Airlines, became the controlling shareholder of the airport developer.[5]

The company listed some of the assets to the Stock Exchange of Hong Kong as Hainan Meilan Airport (now known as HNA Infrastructure) in 2002. However, the runway was retained, despite the listed company had 20-year concession and obligation to maintain the runway.

Haikou Meilan International Airport was also in the consortium to acquire Bohai Trust. The stake were sold in 2012 to HNA Group.

In October 2016, the share capital had increased to .

In December 2016, the holding company decided to inject the runway of phase 1 to its listed subsidiary HNA Infrastructure in an all-share deal.[6]

In August 2017, the company received a warning from China Securities Regulatory Commission regarding the incorrect information that was published.[7]

Shareholders

[8]

Name / transliteration Chinese namePercentageFootnotes
19.58% an indirect subsidiary of listed company HNA Infrastructure Investment Group[9] [10]
18.88% owned by the central government
Chinese: 海南省发展控股 16.65% owned by Hainan Provincial People's Government
Hǎinán hánghuī nóngyè kāifā Chinese: 海南航辉农业开发 14.99% privately owned
Hǎinán hánglǚ jiāotōng fúwù Chinese: 海南航旅交通服务 11.9% subsidiary of HNA Group
7.88% listed company
Yángpǔ liánhǎi gōngmào Chinese: 洋浦联海工贸 4.78% privately owned based in Yangpu
3.21% listed company
Chinese: 中国航空油料 2.08% a joint venture of state-owned China National Aviation Fuel Group, Sinopec Marketing and PetroChina Marketing

Equity investments

Notes and References

  1. News: http://bond.jrj.com.cn/2017/09/27212423178988.shtml. zh: 东方金诚维持美兰机场AA+评级 . 27 September 2017. 20 November 2017. China Securities Journal. jrj.com.cn. zh-cn.
  2. Web site: http://www.shclearing.com/xxpl/cwbg/nb/201604/t20160429_149179.html. zh:2015年年度报告. 2015 Annual Report. 29 April 2016. 22 February 2017. Haikou Meilan International Airport. Shanghai Clearing House. zh-cn.
  3. Book: http://www.hkexnews.hk/listedco/listconews/SEHK/2002/1106/0357/F104.pdf. Prospectus. Summary . 6 November 2000. 22 February 2017. Hainan Meilan Airport. Hong Kong Exchanges and Clearing.
  4. Book: http://www.hkexnews.hk/listedco/listconews/SEHK/2002/1106/0357/F105.pdf. Prospectus. Definitions. 6 November 2000. 23 February 2017. Hainan Meilan Airport. Hong Kong Exchanges and Clearing.
  5. News: http://news.carnoc.com/list/37/37104.html. zh:海南三亚凤凰机场改制前后. Chinese: 中国民航报. 29 March 2004. 20 November 2017. carnoc.com. zh-cn.
  6. MAJOR AND CONNECTED TRANSACTION – THE PARENT COMPANY DOMESTIC SHARES SUBSCRIPTION AGREEMENT (2) THE HAINAN HNA DOMESTIC SHARES SUBSCRIPTION AGREEMENT (3) PROPOSED NEW H SHARES ISSUE UNDER SPECIFIC MANDATE AND.... 30 December 2016. 15 February 2017. HNA Infrastructure. Hong Kong Exchanges and Clearing.
  7. http://www.csrc.gov.cn/zjhpublicofhan/gongg_7135/201708/t20170828_322700.htm. zh: 关于对海口美兰国际机场有限责任公司采取出具警示函措施的决定 . 23 August 2017. 20 November 2017. China Securities Regulatory Commission Hainan Bureau. zh-cn.
  8. October 2016 filing in National Credit Information Publicity System (in Chinese)
  9. Web site: 2015 Annual Report. 30 June 2016. 15 February 2017. HNA Infrastructure Group. Shanghai Stock Exchange. zh-cn.
  10. Web site: 2015 Annual Report. 30 June 2016. 15 February 2017. HNA Airport Group. Shanghai Stock Exchange. zh-cn.