Halcyon Agri acquires RCMA's polymer unit for up to US$33.8m
Singapore
IN a deal worth up to US$33.8 million, mainboard-listed natural rubber supplier Halcyon Agri has announced an agreement with commodities trader RCMA Group to acquire the assets and entities of the latter's polymer division.
The group said in an exchange filing on Tuesday that the acquisition of the RCMA polymer division provides it with the opportunity to create one of the world's largest distribution hubs for latex and specialty tyre rubber, thus enhancing its market position.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
Hong Kong bourse regains favour on hopes of a market revival
Chinese sellers go to TikTok school to reach buyers abroad