Halcyon acquiring Indonesia rubber facility

Singapore – Halcyon Agri Corp. Ltd is acquiring an 80% holding in PT. Pulau Bintan Djaya (PBD), which owns a natural rubber processing factory in Bintan Timur, Indonesia, Halcyon announced 8 Dec.

The acquisition, through Halcyon’s Indonesian subsidiary PT. Hok Tong, is under an agreement entered into with vendors Global Key Holdings Ltd (GKHL) and Lydia Yuliaty Tandi.

Following completion of the proposed acquisition, PBD will be 80% owned by Hok Tong and 20% owned by GKHL. The net asset value represented by 80% of PBD’s shares…

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