Hainan Rubber to Transfer 180 MLN Shares     

Hainan Natural Rubber Industry (Group) Co., Ltd. plans to transfer 180 million shares at no less than RMB1.50 apiece, or RMB270 million in total, as it proceeds with a plan to going public, the Hainan Equity Exchange said on July 8th.
    Hainan Rubber owns China's largest natural rubber manufacturing base, with rich natural resources, while China's domestic supply far lags its strong demand, industry watchers said.
    Hainan Rubber, with a registered capital of RMB3.145 billion, engages in the production, planting, processing, sales, storage and transportation of natural rubber.
    Its rubber park, occupying 245 333 hectares, has dry rubber production capacity of 230 000 t/a, the largest in China for natural rubber. The company owns 30 branches for rubber bases, one branch for rubber processing, 13 processing plants and seven subsidiaries. To date, it has formed a complete industry chain covering rubber planting, processing, marketing, logistics and research and development.
   The company's development could be accelerating should it successfully become a public listed company, which will also bring bigger profits to its shareholders, industry experts said.