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SHA:601118

4 stories mentioning SHA:601118Updated 13m ago

Every FINWIRES story that references SHA:601118, newest first.

Asia

Fitch Upgrades China Hainan Rubber's Rating to BBB+, Outlook Stable

Fitch has upgraded China Hainan Rubber Industry Group's (SHA:601118) long-term issuer default rating to BBB+ from BBB, according to an official statement on Wednesday.The ratings agency has kept the outlook stable.The change in ratings reflects an upgrade of the company's parent, Hainan State Farms Investment Holdings Group, to BBB+ from BBB with a stable outlook, Fitch said.The agency rates China Hainan Rubber under the "stronger parent/weak subsidiary" approach in the parent and subsidiary linkage rating criteria. Therefore, it has equalized Hirub's ratings with Hainan State Farms.

SHA:601118
Asia

Hainan Rubber Industry Elects Chair; Shares Up 4%

China Hainan Rubber Industry (SHA:601118) elected Yi Jinbo as chair, according to a Friday filing with the Shanghai bourse.Yi served as director of the inspection work department of the company's controlling shareholder, Hainan State Farms Investment Holdings.Shares of the rubber company rose 4% in recent trade.

SHA:601118
Asia

China Hainan Rubber Makes Adjustments in Renewed Rubber Insurance Deal

China Hainan Rubber Industry (SHA:601118) made adjustments in its renewed rubber insurance deal for the year, according to a Shanghai bourse filing on Tuesday.The Chinese rubber company will pay an additional insurance premium of 2.1 million yuan and its insurance premium rate will rise to 13.9% from 13.24%.The deal was signed with China Pacific Property Insurance, PICC Property and Casualty (HKG:2328), China Life Property & Casualty Insurance, and Sunshine Property Insurance.

HKG:2328SHA:601118
Asia

Hainan Rubber Industry Receives 75-Million-Yuan Insurance Payout for Cold Damage

China Hainan Rubber Industry (SHA:601118) received 74.8 million yuan in insurance compensation for cold damage that affected its rubber trees in January, according to a Thursday filing with the Shanghai bourse.The payout includes 66.7 million yuan under the full cost insurance policy that will reduce agricultural production costs and 8.1 million yuan under the materialized cost insurance policy that will reduce productive biological assets.The final accounting treatment will depend on audit confirmation.Shares of the rubber company were down 1% in recent trade.

SHA:601118

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