Shanghai – Sinochem International is in talks to purchase a stake of between 25 percent and 50 percent stake in Halcyon Agri Corp.
Sinochem targets major stake in NR supplier Halcyon
Natural rubber processor and merchandiser Halcyon operates mainly in Indonesia and Malaysia. Its distribution network covers south east Asia, China, South Africa, the US and Europe.
The negotiation also covers integrating the target asset with Sinochem’s existing affiliates, such as Singapore’s natural rubber maker GMG Global, says the statement.