China Hainan Rubber Makes Adjustments in Renewed Rubber Insurance Deal

MT Newswires Live06-02

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.

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