Halcyon Agri's offer to privatise GMG Global extended to Nov 8

THE offer by Halcyon Agri to acquire all the shares in rubber producer GMG Global has been extended by 2.5 weeks, from Oct 21 5.30pm to the same time on Nov 8.

Halcyon Agri held 88.64 per cent of GMG, including acceptances, as at 5pm on Oct 20, it said in an announcement on Friday through Deutsche Bank.

Halcyon Agri, now majority-owned by China's Sinochem International Corp, is currently seeking to take GMG private as part of Sinochem's plans to consolidate its natural rubber businesses under Halcyon. It is offering 0.9333 Halcyon share for every GMG share as part of the multi-deal transaction.