Hainan Rubber's (601118.SH) subsidiary plans to transfer 100% equity of JFL Singapore Company.

Zhitong Finance APP News, Hainan Rubber (601118.SH) announced that, in order to further optimize its asset-liability structure and dispose of inefficient loss-making assets, the company's controlled subsidiary Hesheng Agriculture plans to transfer 100% equity of its subsidiary JFL Agro Pte. Ltd. (referred to as "JFL Singapore Company"); the counterparty is intended to be determined through public solicitation, and the transaction price shall be no less than the filed valuation result of SGD 87.262 million (calculated at the exchange rate on the valuation base date, equivalent to RMB 476 million).