China Hangzhou airport mulls IPO to fund expansion-CEO
By Fang Yan
SHANGHAI, March 31 (Reuters) - Hangzhou Xiaoshan International Airport Co, partly owned by the Airport Authority of Hong Kong, is considering going public to help bankroll an expansion to more than triple its capacity in four years, its chief executive said on Monday.
Hangzhou airport is building a second terminal, part of its 7 billion yuan ($998 million) expansion, which also includes a second runway and the expansion of an existing terminal, Eric Wong said.
“We are studying the possibility of raising funds through listing. The board of directors have formed a team to look at this project specifically,” Wong told Reuters on the sidelines of an industry forum.
Read more at Reuters.com
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