Xiamen Airport to acquire smart tech firm ahead of new international airport opening

Xiamen International Airport announced plans to acquire 100% equity in Xiamen Zhaoxiang Intelligent Technology Co., Ltd. from its controlling shareholder, Xiamen Xiangye Group, using its own funds. This strategic move aligns with national initiatives and addresses uncertainties in the airport's main business operations as its current high-tech international airport prepares to close by the end of 2026. This coincides with the opening of Xiamen Xiang'an International Airport. The acquisition, a connected transaction, is expected to extend the airport's operations into the smart aviation sector.

The acquisition is still in the planning phase, requiring further discussion and approval from both parties, as well as regulatory procedures. The company’s stock experienced abnormal fluctuations, with its closing price deviation reaching over 20% across three consecutive trading days, leading to a disclosure of this planned acquisition.

In November 2025, Xiamen International Airport reported a 2.37% decrease in total aircraft movements to 15,746 and a 1.33% decrease in passenger throughput to 2.3195 million passengers, alongside a 13.25% decrease in cargo and mail throughput to 30,600 tons.