Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

companies

HOME > Company


Hainan Rubber to buy 71.58 pct stake in R1 International for USD76.71 mln

October 22, 2018


Abstract : China's largest natural rubber maker China Hainan Rubber Industry Group Co., Ltd. (601118. SH) announced on Monday to purchase a 71.58-percent stake in R1 International Pte Ltd., a natural rubber trader, for 76.71 million U.S. dollars.

海胶集团

BEIJING, Oct. 22 (Xinhua) -- China's largest natural rubber maker China Hainan Rubber Industry Group Co., Ltd. (601118. SH) announced on Monday to purchase a 71.58-percent stake in R1 International Pte Ltd., a natural rubber trader, for 76.71 million U.S. dollars.

After closing the deal, R1 International Pte Ltd., will become a holding subsidiary of China Hainan Rubber Industry Group Co., Ltd. 

It is worth noting that Hainan Rubber Group (Singapore) Development Pte. Ltd., a wholly-owned subsidiary of the listed company holds a 15-percent stake in the rubber trader, adding the listed company's stake holding in R1 International to 86.58 percent.

China Hainan Rubber Industry Group Company Limited is engaged mainly in planting, processing, and distribution of natural rubber in China and overseas.


Related Coverage

Focus

Think Tank

  • How China can become a major importer

    November 16, 2018

    To actively play the role of a "major importer" in the future is not simply ...

  • Raising China's imports requires targeted long-term ...

    November 15, 2018

    It is a long-term process for China to expand imports, and policymakers need...

  • Deepening reform and opening-up will help achieve ec...

    November 14, 2018

    Despite severe and complicated external and internal situations, China's eco...

  • Contours of a new international economic order

    November 13, 2018

    CIIE presents China as the world's most promising market for imports of good...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial