SINGAPORE (Oct 7): Shareholders of GMG Global are the final hurdle to a three-way merger between Singapore-listed GMG, Halcyon Agri Corp, and Sinochem International.

In August, Sinochem acquired a 30% stake in Halcyon and subsequently made a voluntary general offer for the company. Meanwhile, Halcyon acquired Sinochem’s 51% stake in GMG in exchange for 180.4 million new shares. Then, this month, Sinochem injected its global natural rubber business into Halcyon for 280 million new shares.

Halcyon’s management will continue running the expanded group, even though it is now controlled by Sinochem, says Halycon CEO Robert Meyer.

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