Offer gives GMG shareholders valuable option: Halcyon CEO
They should see it as an opportunity to be part of a new major rubber player, says Robert Meyer
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
HALCYON Agri Corp's share-swap offer for GMG Global treats all parties equally and gives GMG shareholders the option of becoming part of a new major rubber player, Halcyon executive chairman and chief executive Robert Meyer told reporters on Wednesday.
A privatised GMG will allow the group to save costs and enjoy economies of scale, said Mr Meyer, who asserted that an enlarged Halcyon can leverage its size to insulate itself from speculative volatility in rubber prices.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
