Halcyon Agri looks to improve share value
CEO evaluating strategic options including delisting from the SGX and re-listing elsewhere as its shares languish after expansion streak.
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HALCYON Agri Corporation has turned into one of the world's largest rubber processors after an aggressive expansion streak. But with its share price still languishing, its founder and chief executive Robert Meyer is looking at strategic options to increase the value of the company.
These include listing a business division on another exchange, a secondary listing elsewhere, or even delisting from the Singapore Exchange (SGX) entirely and re-listing elsewhere.
"There are all sorts of strategic options that we're looking at right now, because as CEO of the company, and being a shareholder myself, we feel that the company is not getting the attention it should," says Mr Meyer.
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