beijing-airport-operator-pockets-131-million-from-hshare-sale

Beijing airport operator pockets $131 million from H-share sale

Transaction fuels speculation about an asset injection by Beijing Capital's parent.
Beijing Capital International Airport has raised HK$1.02 billion $131 million from the sale of new H-shares, sparking immediate speculation that the company is getting close to aquiring all, or part of, a third terminal and runway at the airport currently being built by its parent.

However, sources said last night the placement was not done with any acquisitions in mind.

ôIt will take a lot more money to buy into terminal three and this fund raising is not linked to that û it is for general working capital,ö says a source familiar with the deal. ôBut there is speculation about an asset injection before the Olympics and since investors expect this will be a...
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