Haikou Meilan International Airport (company)

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).

Haikou Meilan International Airport
joint venture
Industryholding company
HeadquartersMeilan Airport,
Haikou
,
China
Revenue CN¥03.378 billion (2015)
CN¥00 661 million (2015)
CN¥00 292 million (2015)
Total assets CN¥23.673 billion (2015)
Total equity CN¥06.880 billion (2015)
SubsidiariesHNA Infrastructure
RatingAA+ (Orient, September 2017)[1]
Footnotes / references
in consolidated financial statement[2]
Haikou Meilan International Airport Company Limited
Simplified Chinese海口美兰国际机场有限责任公司

History

Haikou Meilan International Airport Co., Ltd. (Chinese: 海口美兰国际机场有限责任公司) 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 CN¥600 million. The company takeover the development of the airport from Haikou Meilan International Airport Corporation (Chinese: 海口美兰国际机场总公司), 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 CN¥3.106 billion.

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
As of 13 October 2016[8]
Name / transliteration Chinese name Percentage Footnotes
HNA Airport Group19.58%an indirect subsidiary of listed company HNA Infrastructure Investment Group[9][10]
China Development Bank18.88%owned by the central government
Hainan Development Holdings海南省发展控股16.65%owned by Hainan Provincial People's Government
Hǎinán hánghuī nóngyè kāifā海南航辉农业开发14.99%privately owned
Hǎinán hánglǚ jiāotōng fúwù海南航旅交通服务11.9%subsidiary of HNA Group
Hainan Airlines7.88%listed company
Yángpǔ liánhǎi gōngmào洋浦联海工贸4.78%privately owned based in Yangpu
China Southern Airlines3.21%listed company
China National Aviation Fuel Supply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

References
  1. 东方金诚维持美兰机场AA+评级. China Securities Journal (in Chinese). 27 September 2017. Retrieved 20 November 2017 – via jrj.com.cn.
  2. 2015年年度报告 [2015 Annual Report] (in Chinese). Haikou Meilan International Airport. 29 April 2016. Retrieved 22 February 2017 – via Shanghai Clearing House.
  3. "Summary" (PDF). Prospectus. Hainan Meilan Airport. 6 November 2000. Retrieved 22 February 2017 – via Hong Kong Exchanges and Clearing.
  4. "Definitions" (PDF). Prospectus. Hainan Meilan Airport. 6 November 2000. Retrieved 23 February 2017 – via Hong Kong Exchanges and Clearing.
  5. 海南三亚凤凰机场改制前后. 中国民航报 (in Chinese). 29 March 2004. Retrieved 20 November 2017 – via carnoc.com.
  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..." (PDF) (Press release). HNA Infrastructure. 30 December 2016. Retrieved 15 February 2017 – via Hong Kong Exchanges and Clearing.
  7. 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 (Press release) (in Chinese). China Securities Regulatory Commission Hainan Bureau. 23 August 2017. Retrieved 20 November 2017.
  8. October 2016 filing in National Credit Information Publicity System (in Chinese)
  9. "2015 Annual Report" (PDF) (in Chinese). HNA Infrastructure Group. 30 June 2016. Retrieved 15 February 2017 – via Shanghai Stock Exchange.
  10. "2015 Annual Report" (PDF) (in Chinese). HNA Airport Group. 30 June 2016. Retrieved 15 February 2017 – via Shanghai Stock Exchange.
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