- Business
- Hainan Expressway Co., Ltd. (000886.SZ) operates as a leading infrastructure company in China, primarily engaged in the investment, construction, operation, and maintenance of expressways; transportation infrastructure projects; real estate development; cultural tourism; hotel management; property services; advertising; digital economy initiatives; sales of transportation building materials and deep-sea aquaculture products; and contract construction project management services. Founded in 1993 and headquartered at Highway Building, No. 16 Lantian Road, Haikou, Hainan Province, the company listed on the Shenzhen Stock Exchange in 1998 as the first listed entity in China's national highway industry and focuses operations principally on Hainan Province while targeting tourism, commercial, and regional economic development markets. In recent developments, Hainan Expressway agreed in July 2025 to acquire the remaining 51% stake in Hainan Transportation Control Petrochemical Co., Ltd. from Hainan Transportation Investment Commercial Group Co., Ltd., achieving full ownership upon completion; signed a letter of intent on July 1, 2025, for major asset restructuring involving 51.0019% equity in Hainan Jiangkong Petrochemical Co., Ltd. via cash payment to create a wholly-owned subsidiary; and entered an equity transfer agreement for an additional 2.54% stake in Hainan United Asset Management, reflecting strategic expansions in petrochemical, asset management, and related infrastructure sectors.