HSBC pre-markets Hainan Meilan Airport

China''s second airport operator launches an H share offering.

Pre-marketing began yesterday Monday for a roughly $100 million offering for Hainan Meilan Airport under the lead management of HSBC, with Citic Capital, ICEA, ING and Nomura as co-leads.

Formal roadshows are scheduled to begin next Tuesday and run for nine business days, with pricing set for Friday November 9. The company is offering 45% of its enlarged share capital via a 201.7 million share sale ex shoe, although a strategic investor, Copenhagen Airports, has already...

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