, Singapore
464 views
Logo from Halcyon Agri

China Hainan Rubber to acquire 36.0% stake at Halcyon Agri for US$180m

The China-based company will purchase a total of 574.2 million shares.

China Hainan Rubber has entered a conditional purchase agreement with Sinochem International (Overseas) Pte. Ltd. (Sinochem) to acquire 574,204,299 ordinary shares at Halcyon Agri Corporation Limited (HAC).

The total number of shares being acquired by the Shanghai Stock Exchange-listed company is equivalent to 36.0% of the issued and paid-up share capital of HAC.

In a bourse filing, HAC said its shares are being acquired for US$180.87m or US$0.315 for each sale share.

The offer price is 50.3% above the last translated price of HAC shares on 11 November and 73.3% higher than the volume-weighted average price (VWAP) of the HAC shares for one month.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!