Shanghai and Hong Kong’s win-win airport joint venture
October 16th, 2009
The operators of the international airports in Shanghai and Hong Kong formed a joint venture to manage Shanghai Hongqiao international airport which mostly handles China domestic flight.
In this joint venture, Shanghai will pay 51 million Yuan for holding 51% of share and Hong Kong will take the rest of the shares which is 49%, the joint venture was named “Shanghai Hong Kong Airport Management Co. This stake structure would remain unchanged for 20 years from Read more…
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