Hainan Rubber announces bond issuance and latex thread expansion

Hainan Rubber Industry Group has announced that its controlled subsidiary, Halcyon Agri Corporation Limited, plans to issue up to $200 million in offshore subordinated perpetual bonds. These bonds, guaranteed by Hainan Rubber, will be listed on the Hong Kong Stock Exchange with a 3+N year term and fixed interest rates. The proceeds are intended to refinance Halcyon Agri's existing $200 million subordinated perpetual bonds issued in November 2020.

Concurrently, Hainan Rubber's wholly-owned subsidiary, Hainan Jingwei Latex Thread Co., Ltd., will invest approximately CNY 135 million to build a high-quality latex thread production project (Phase I). This expansion is projected to increase its annual production capacity by 15,000 tonnes. The board also reviewed and approved the 2025 third-quarter report and a revised internal equity management system.