China Hainan Rubber Industry Gets 90 Million Yuan Insurance Claims, 36 Million Yuan For Land Acquisition Compensation
MT Newswires Live2025-10-10
China Hainan Rubber Industry (SHA:601118) received insurance claims worth almost 90 million yuan, according to a Friday disclosure in the Shanghai bourse.
The Chinese rubber company suffered losses in May due to pests and diseases.
The company also received a land acquisition compensation worth 36.3 million yuan for land acquisition projects, such as the expansion of the G98 Ring Expressway's Da Sanya Section.
The compensation includes 31.1 million yuan in employee resettlement subsidies and 5.2 million yuan in crop compensation.
The company's shares rose nearly 1% in late-morning trade Friday.
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