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Halcyon Agri buys four more Indonesian rubber factories for $105.3m

Published Thu, Dec 7, 2017 · 09:50 PM

Singapore

NATURAL rubber supplier Halcyon Agri Corporation has turned into the largest producer and exporter of crumb rubber in Indonesia, as it makes another acquisition of four Indonesian crumb rubber factories for S$105.3 million in cash.

The group said on Thursday that a memorandum of agreement it entered into on Tuesday this week with the vendors Liauw Chiang Sioe and Sjahrir Iskandar to buy the entire stake in PT Sumber Djantin (PTSD) and PT Sumber Alam (PTSA) has become legally binding.

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Companies & Markets

Companies & Markets

Halcyon Agri buys four more Indonesian rubber factories for $105.3m

Companies & Markets

US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties

Barclays cuts jobs in energy transition team it only just built

UMS Holdings Q1 net profit drops 44% to S$9.8 million

SIA Engineering H2 profit rises 11.5% to S$37.8 million on robust aviation MRO demand

Great Eastern shares jump 39% as OCBC mounts S$1.4 billion privatisation bid at S$25.60 per share

US: Wall St opens higher, focus on comments from Fed officials

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