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Halcyon confirms talks with Sinochem

But company says the terms or structure of a deal haven't been finalised, and that a deal isn't imminent

Published Fri, Jan 15, 2016 · 09:50 PM

Singapore

RUBBER processing firm Halcyon Agri on Friday confirmed market speculation that it was in talks with Sinochem International Corporation, but said an agreement on a deal is "not imminent".

Halcyon Agri said that the discussions with Sinochem involve combining Halcyon Agri's assets with Sinochem's interests in GMG Global and certain rubber-related assets, as well as the possibility of Sinochem taking a controlling stake in Halcyon Agri.

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