09 February 2012 09:54 [Source: ICIS news]
Hainan State Farms will take up a 60% interest in the company, while Hainan Rubber will hold a 15% stake in R1 International, Hainan Rubber said in a filing to the Shanghai Stock Exchange.
State-owned Hainan State Farms Group, which has the largest rubber tree plantation base in China, owns 72.98% of Hainan Rubber Group.
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