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.

With this platform, natural rubber producers and consumers are able to track pricing and supply information and transact directly on HeveaConnect, promoting greater price transparency in the industry, Halcyon…