28 Mar 2016
Merger of GMG Global Ltd and Halcyon Agri Corporation Limited
Danny Lim, Kala Anandarajah, Dominique Lombardi and Caitlin Huang are acting for Sinochem International Corporation, listed on the Shanghai Stock Exchange, in the undertaking of the S$847.7 million merger of GMG Global Ltd and Halcyon Agri Corporation Limited, which are both listed on the Main Board of the Singapore Exchange.
The merger is made by way of Sinochem making a pre-conditional mandatory general offer for the shares of Halcyon Agri, which on completion, will be followed by Halcyon Agri making a voluntary general offer for the shares of GMG Global and the privatisation of GMG Global. Sinochem will ultimately control Haclyon Agri, which will also be injected with natural rubber processing and trading businesses of Sincohem, and become the world's largest natural rubber company