Halcyon to GMG shareholders: Size matters
Rubber production firm's chief says shareholders should not consider only asset value, adding that size offers scale, reach and economies
Singapore
GMG Global shareholders should consider Halcyon Agri Corp's general offer through the lens of revenue and scale, and not just asset value, Halcyon Agri Corp chief executive Robert Meyer said on Wednesday in a meeting with GMG shareholders.
"Size matters. Size gives us the scale, size allows us to reach more customers, size allows us to manage costs," Mr Meyer told a group of about 300 GMG shareholders. "This is a key point. Our assets, Halcyon's assets, Sinochem's assets, GMG's assets are complementary. We are virtually like a puzzle that you can put together with very little overlap."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
CapitaLand Investment posts total revenue of S$650 million for Q1
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
Carrier AirAsia discloses new listing plans under RM6.8 billion units merger
Intel slides after tepid forecast spurs fears about comeback