DBS takes 9.9% stake in Halcyon Agri's rubber trading platform

Singapore

RUBBER producer Halcyon Agri Corporation said on Monday that it has set up a digital marketplace for the trading of sustainably processed natural rubber, with DBS Bank taking a 9.9 per cent stake in this platform for US$1 million.

The HeveaConnect digital marketplace is meant to connect natural rubber stakeholders such as farmers, rubber producers and tyre manufacturers, via a one-stop shop for participants in the natural rubber supply chain.