Halcyon Agri Corporation

Hainan Rubber's acquisition of 36% of Halcyon Agri's shares to go ahead - THE EDGE SINGAPORE

Offer

Hainan Rubber's acquisition of 36% of Halcyon Agri's shares to go ahead

The conditional SPA between China Hainan Rubber and Halcyon Agri has taken effect after all conditions were fulfilled.
Shanghai-listed China Hainan Rubber offers 44 cents per share takeover offer for 36% of Halcyon Agri's shares - THE EDGE SINGAPORE

Offer

Shanghai-listed China Hainan Rubber offers 44 cents per share takeover offer for 36% of Halcyon Agri's shares

Following the acquisition, China Hainan Rubber will make an offer for all the remaining shares in Halcyon Agri.

Results

Halcyon Agri looks to extend its market leadership despite 'challenging' rest of the year

Looking ahead, the group is expecting inflationary pressures to remain in the near term amid the ongoing geopolitical events.

Funds

Halcyon Agri's associate valued at US$19.5 mil after fourth fundraising

The latest round of fundraising values HeveaConnect at a pre-money valuation of US$19.4 million ($26.9 million).

Sustainability

Halcyon Agri outlines sustainability strategy; secures syndicated sustainability-linked loan of up to US$300 mil

On June 27, the group defined three initial SPTs that are said to be critical to its processing business globally.

Results

Halcyon Agri posts US$10.8 mil earnings for 2HFY2021, reversing from previous year's loss

The reversal into the black was due to higher performance recorded across all business segments of the group.
Halcyon Agri ranked the most transparent rubber-producing company in international assessment - THE EDGE SINGAPORE

Refinitiv Lipper Fund Awards 2020

Halcyon Agri ranked the most transparent rubber-producing company in international assessment

Halycon Agri ranks first in the Sustainability Policy Transparency Toolkit assessment by the Zoological Society of London.
SGX invests in 9.09% stake in HeveaConnect for US$1.5 mil - THE EDGE SINGAPORE

Commodities

SGX invests in 9.09% stake in HeveaConnect for US$1.5 mil

The investment was made through SGX’s wholly-owned subsidiary, Asian Gateway Investments.

Sustainability

Halcyon Agri subsidiary finances capex investments with sustainability-linked loan facility of US$25 mil from Deutsche Bank

The loan will go to financing the company’s capital expenditure (capex) investments for its rubber plantations in Cameroon and Malaysia.

Company in the news

Halcyon Agri's founding CEO and COO steps down; former CEO of GMG Global to take over the reigns

Halcyon Agri Corporation today announced that its founding CEO Robert Meyer, and COO Pascal Demierre, stepped down from their positions on June 26.
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