China’s Hainan Rubber Group signed a memorandum recently to set up an investment vehicle to develop projects in natural rubber and other related sectors in Africa.
Such investment will have a special focus on the Community of Portuguese Language Countries in Africa, Hainan Rubber said.
According to the company’s filing on the Shanghai Stock Exchange, the two other parties for the memorandum are China-Africa Development Fund and China Development Bank’s Hainan branch.