Hainan HNA Infrastructure Investment Group Co., Ltd. formerly Hainan Island Construction Co., Ltd. is a Chinese listed company based in Haikou. The registered office was located in Meilan, but the general office was located in West Zone 21/F,

HNA Building The HNA Building (), also known as the New Haihang Building or Xin Haihang Dasha, is the headquarters for Hainan Airlines and the now-defunct HNA Group. It is located at the west end of Guoxing Avenue Guoxing Avenue () is a major street in Haik ...

on 7 Guoxing Avenue.

History

HNA Infrastructure Investment Group

The predecessor of HNA Infrastructure Investment Group was incorporated on 12 May 1993 as The First Investment and Merchant (). In 2002 it became a listed company in

Shanghai Stock Exchange The Shanghai Stock Exchange (, SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock ...

. In 2008 the company was renamed to Hainan Zhuxin Investment () and again in 2011 to Hainan Island Construction (). In 2009 a subsidiary of

HNA Group HNA Group Co., Ltd., was a Chinese conglomerate (company), conglomerate headquartered in Haikou, Hainan, China. Founded in 2000, it was involved in numerous industries including aviation, real estate, financial services, tourism, logistics, and ...

() formed a new intermediate holding company with the largest () and second largest shareholder () of the listed company, making HNA Group was the indirect largest shareholder for 23.59% shares (69.7225 million in number). In 2012 another subsidiary of HNA Group () acquired a significant stake (30.09%) of the company, by acquiring 127,214,170 number of new shares for each; the ex-largest shareholder still owned 9.40% shares at that time as the second largest, making HNA Group owned 39.49% combined indirectly. In December 2013, the 75% stake of the intermediate parent company: Hainan International Tourism Island was transferred to another direct subsidiary of HNA Group: HNA Infrastructure Group () as share capital for (the minority shareholder retained 25% stake); on 31 August 2015 the shares of Hainan Island Construction were transferred to another subsidiary of HNA Group: HNA Industrial Group () for , but paid by 100% stake of a subsidiary of HNA Industrial Group (); The listed company was renamed to Hainan HNA Infrastructure Investment Group Co., Ltd. in late 2015; in July 2016 HNA Infrastructure Investment Group

reverse takeover A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public compa ...

HNA Infrastructure Group was completed. On 2 November 2016 HNA Industrial Group acquired 1 million number of shares from the public market, making HNA Industrial Group owned 60.84% shares directly and indirectly. In 2014 Hainan Island Construction issued a 5-year bond with 8.5% p.a. yield for , which was guaranteed by HNA Airport Holdings.

HNA Infrastructure Group

HNA Infrastructure Group () was incorporated on 24 November 2011 as a first tier subsidiary of

. In 2012 sister company HNA Capital subscribed the capital increase for ; in the same year HNA Airport Group was absorbed as a subsidiary of HNA Infrastructure Group. In 2013 Tianjin Trust subscribed the capital increase for , as well as Bohai Trust for ; in the same year another sister company Hainan International Tourism Island () was absorbed as subsidiary, making HNA Infrastructure Group was the indirect largest shareholder of listed company Hainan Island Construction. In 2015, the minority stake of HNA Infrastructure Group were acquired by sister company HNA Industrial Group () from HNA Capital, Tianjin Trust and Bohai Trust for , and respectively. On 31 August 2015, HNA Group sold the remain 81.03% stake of HNA Infrastructure Group to its subsidiary HNA Industrial Group for ; on the same day the 30.09% shares of the listed company Hainan Island Construction were also transferred from HNA Infrastructure Group to HNA Industrial Group, making both HNA Infrastructure Group and Hainan Island Construction were second-tier subsidiary of HNA Group and first-tier subsidiary of HNA Industrial Group. However, in the same year the entire share capital of HNA Infrastructure Group were transferred to another sister company Hainan HNA Infrastructure Holding (; later renamed to HNA Infrastructure Holding Group ()). In July 2016, a reverse takeover of HNA Infrastructure Group by listed company HNA Infrastructure Investment Group (formerly Hainan Island Construction) was completed. In 2015 HNA Infrastructure Group issued a 7-year bond with 7.5% p.a yield for , which would be used in the construction of Nanhai Pearl Artificial Island.

Subsidiaries

* HNA Infrastructure Group (100%) ** HNA Airport Group (86.48%) ***

Weifang Nanyuan Airport Weifang Airport is an airport in Weifang, Shandong, People’s Republic of China China, officially the People's Republic of China (PRC), is a country in East Asia. With a population exceeding 1.4 billion, it is the second-most popul ...

(100%) *** Manzhouli Airport Asset Management (67.00%) ***

Tangshan Sannühe Airport Tangshan Sannvhe Airport or Tangshan Sannühe Airport , or Tangshan Air Base, is a dual-use military and civil airport serving the city of Tangshan in Hebei province, north China. It is located near the village of Sannühe, 20 kilometers from t ...

Management (67.00%) *** Yingkou Airport (60.00%) ***

Anqing Tianzhushan Airport Anqing Tianzhushan Airport is a dual-use military and civil airport serving the city of Anqing in Anhui Province, China. It is located north of the city. In 1991 the national government approved the conversion of the military airport to a dual ...

(100%) *** HNA Airport Holdings (50.20%) **** Sanya Phoenix International Airport (72.49%) **** Yichang Sanxia Airport (90.00%) **** Manzhouli Xijiao Airport (67.00%) ** Hainan International Tourism Island Development and Construction Group (100%)

Associate companies

* Haikou Meilan International Airport Co., Ltd. (19.58% via HNA Airport Group; additional stake held by another subsidiary of

) ** HNA Infrastructure (50.19%) **

Hainan Airlines Hainan Airlines is an airline headquartered in Haikou, Hainan, China. It is the largest civilian-run enterprise, civilian-run and majority State ownership, state-owned air transport company, making it the fourth-largest airline in terms of flee ...

(7.08%, additional stake held by

and related company Grand China Air)

References

External links

* {{authority control Companies listed on the Shanghai Stock Exchange HNA Group Airport operators of China