Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

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

Xinhua Silk Road Database
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.

Scan the QR code and push it to your mobile phone

Keyword: Hainan-Rubber-Group

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

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

Start a Free Trial

Ask Us A Question belt & road login close

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

Identifying code Reload

Write to Us belt & road login close

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 im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial