Corporate digest
Halcyon Agri
NATURAL rubber supplier Halcyon Agri is buying yet another crumb rubber factory in Indonesia, this time in Bintan. The group said its Indonesian subsidiary PT Hok Tong has entered into a conditional share sale and purchase agreement with Global Key Holdings Ltd and Lydia Yuliaty Tandi to buy an 80 per cent stake in PT Pulau Bintan Djaya. The purchase consideration was not disclosed, but the 80 per cent stake has a net asset value of about US$0.6 million as at Dec 31 last year.
Low Keng Huat
