(17 December 2013, Hong Kong) NWS Holdings Limited (“NWS Holdings” or the “Group”; Hong Kong stock code: 659) is pleased to announce that it has entered into the Share Purchase Agreement with an affiliate of GIC Pte Ltd. to acquire approximately 8.84% of the total issued share capital of Beijing Capital International Airport Co., Ltd. (“BCIA”) at an aggregate purchase price of approximately HK$2,356 million. The purchase price of approximately 383 million Sale Shares is HK$6.15 per share. Upon completion of the agreement, NWS Holdings will hold approximately 20.38% of the total issued H Shares in BCIA and become its second largest shareholder after Capital Airports Holding Company.
As an international gateway and a major domestic hub of the PRC, Beijing Capital International Airport operates three terminals and three runways and is the world’s second busiest airport in terms of passenger throughput exceeding 80 million per annum. In 2012, BCIA’s total revenue amounted to RMB 6,863 million, with aeronautical revenue (passenger charges, aircraft movement fees and airport fee) and non-aeronautical revenue (retail concessions, advertising and rentals) accounting for 58% and 42% respectively.
Commenting on the acquisition, NWS Holdings Executive Director Brian Cheng said Beijing Capital International Airport is a quality infrastructure asset with substantial stature and a key correlation to the continuous growth of the PRC economy. Moreover, with the rising level of disposable income in the PRC, it is expected that the non-aeronautical segment will be increasingly significant to the overall revenue stream of BCIA in the near future.
“This acquisition reaffirms NWS Holdings’ strategy of strengthening its infrastructure business by leveraging its diversified platform and management expertise on Chinese infrastructure. By completing the acquisition, the quality and profile of the Group’s infrastructure portfolio will be further expanded which will in turn enhance the Group’s sustainable growth in the transportation and logistics sector,” said Mr Cheng.
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This press release is also available on the Group’s website ( www.nws.com.hk).
NWS Holdings Limited (“NWS Holdings”, Hong Kong stock code: 659), the infrastructure and service flagship of New World Development Company Limited (Hong Kong stock code: 17), operates businesses in Hong Kong, Mainland China and Macau. Its Infrastructure portfolio includes Roads, Energy, Water and Ports & Logistics projects. Its Services portfolio comprises Facilities Management (the management of Hong Kong Convention and Exhibition Centre and Free Duty), Construction & Transport (construction, bus and ferry services) and Strategic Investments.
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