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Halcyon in talks to buy Lee Rubber's Indonesia plants

Published Wed, Jun 18, 2014 · 10:00 PM
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[SINGAPORE] Singapore-listed rubber firm Halcyon Agri Corp Ltd is in talks to buy rubber processing plants in Indonesia from Lee Rubber for S$400 million to S$500 million, three people familiar with the matter said yesterday.

Slightly after noon yesterday, the rubber processor and trader requested a halt in the trading of its shares in Singapore pending an announcement.

Before the suspension, Halcyon shares rose as much as 7.7 per cent to a one-year high of S$0.975, valuing the company at S$386.1 million.

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