Regal International Airport Group
Chinese listed company
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Regal International Airport Group Co., Ltd. is a Chinese listed company based in Meilan Airport, Haikou. The company is 50.19% owned by Haikou Meilan International Airport Co., Ltd. (Chinese: 海口美兰国际机场有限责任公司), a company related to Hainan Airlines, Grand China Air, HNA Infrastructure Investment Group, HNA Group, Hainan Provincial People's Government and China Development Bank.
| Formerly |
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| Company type | public | ||||
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| Industry | Transport | ||||
| Founded | 18 November 2000 | ||||
| Headquarters | Meilan Airport, Haikou, Hainan , China | ||||
| Services | airport operator | ||||
| Revenue |  CN¥1.063 billion (2015) | ||||
| CN¥571 million (2015) | |||||
| CN¥439 million (2015) | |||||
| Total assets | CN¥6.962 billion (2015) | ||||
| Total equity | CN¥3.230 billion (2015) | ||||
| Owner |
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| Parent | Haikou Meilan International Airport | ||||
| Subsidiaries |
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| Chinese name | |||||
| Simplified Chinese | 瑞港国际机场集团股份有限公司 | ||||
| Traditional Chinese | 瑞港國際機場集團股份有限公司 | ||||
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| Second alternative Chinese name | |||||
| Simplified Chinese | 海航基础股份有限公司 | ||||
| Traditional Chinese | 海航基礎股份有限公司 | ||||
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| Historical Chinese short name | |||||
| Chinese | 航基股份 | ||||
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| Second historical Chinese name | |||||
| Simplified Chinese | 海南美兰机场股份有限公司 | ||||
| Traditional Chinese | 海南美蘭機場股份有限公司 | ||||
| Literal meaning | Hainan Meilan Airport, Company Limited by Shares | ||||
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| Website | www | ||||
| Footnotes / references in consolidated financial statement[1] | |||||
Regal International Airport Group was formerly known as HNA Infrastructure Co., Ltd. and Hainan Meilan Airport Co., Ltd. (Chinese: 海南美兰机场股份有限公司).
HNA Infrastructure is the operator of Haikou Meilan International Airport.
History
On 30 December 2016 HNA Infrastructure announced a recapitalization and a plan to acquire the runway of Meilan Airport from the parent company in an all-share deal; sister company HNA Infrastructure Investment Group would be introduced as minority shareholder.[2] In July 2017, it was announced that the company would develop the airport into an aviation hub and a duty-free shopping paradise.[3]
On 9 July 2018, it was approved by the extraordinary general meeting that the company would renamed to Regal International Airport Group Co., Ltd. (Chinese: 瑞港国际机场集团股份有限公司).[4]
Subsidiaries
Equity interests
- HNA Airport Holdings (24.5%)[5] - a subsidiary of HNA Airport Group for 50.2% stake; HNA Airport Holdings owned Sanya Phoenix International Airport Co., Ltd.
- Haikou Decheng Industrial and Development (30%)[5]
Shareholders
- As of 30 June 2016[5]
- Haikou Meilan International Airport (50.19%)
- Oriental Patron Financial Group (19.94%)
- Pacific Alliance Asia Opportunity Fund (6.93%)
- UBS (5.78%)
- Deutsche Bank (3.84%)
- Greenwoods Asset Management (2.93%)
- JPMorgan Chase (2.88%)
- Handelsbanken (2.41%)
- general public (5.1%)
As at 13 October 2016, the shareholders of Haikou Meilan International Airport were HNA Airport Group, an indirect subsidiary of HNA Infrastructure Investment Group[6][7] (19.58%), state-owned bank China Development Bank (18.88%), state-owned company Hainan Development Holdings (16.65%), a private company (Chinese: 海南航辉农业开发) (14.99%), a subsidiary of HNA Group (Chinese: 海南航旅交通服务) (11.9%), listed company Hainan Airlines (7.88%), another private company based in Yangpu (Chinese: 洋浦联海工贸) (4.78%), listed company China Southern Airlines (3.21%) and China National Aviation Fuel Supply (Chinese: 中国航空油料) a joint venture of China National Aviation Fuel Group, Sinopec Marketing and PetroChina Marketing (2.08%).[8]
Haikou Meilan International Airport Co., Ltd. itself owned 7.08% shares of Hainan Airlines as the third largest shareholder as cross ownership.[9] The largest shareholder of Hainan Airlines is Grand China Air for 35.34% shares,[10] which HNA Group is the second largest shareholder of Grand China Air for 23.11% stake.[11] (Haikou Meilan International Airport owned 8.30% stake of Grand China Air as the fourth largest shareholder) HNA Group owned 4.88% shares of Hainan Airlines directly and an additional 4.25% held by subsidiary Changjiang Leasing;[10] the largest shareholder of Grand China Air was Hainan Development Holdings for 24.97% stake.[9] Hainan Development Holdings is a wholly owned subsidiary of Hainan Provincial People's Government.[9][12]