GMG Global minorities unhappy with merger offer

Singapore

IN a twist to the two-part deal between Sinochem International and Halcyon Agri, minority shareholders for rubber producer GMG Global are complaining that the firm has been under-valued and the offer to them, unfair.

The Securities Investors Association (Singapore), or SIAS, an advocacy group for minority shareholders, said in a statement to the press that it has met with two independent directors from the firm, Ong Kian Min and Tay Puan Siong, to raise these concerns on Wednesday.