Halcyon Agri

(25-08-2014, 06:28 AM)greengiraffe Wrote: http://www.businesstimes.com.sg/premium/...e-20140825

PUBLISHED AUGUST 25, 2014
TOPLINE
Halcyon finds bounce in the old rubber trade
Chief sees market returning to normal in 3-6 mths. By JAMIE LEE


Mr Meyer: 'I've never traded a gram of rubber in my life, nor do I want to . . . I like industrial processes. Maybe it's my German heritage.' - FILE PHOTO
THERE'S a new force in the rubber sector. With prized assets from industry stalwart, Lee Rubber, Halcyon Agri Corporation's chairman Robert Meyer wants to take on a clubby business that has yet to be reinvented in the way that other forms of commodity productions have. Halcyon's ambitions, backed mainly by debt-loaded acquisitions, will need traction from Mr Meyer's expectation that the rubber market will return to normalcy in three to six months' time.
Rubber is currently trading at depressed prices not seen in several years.
The rubber market's abnormal state has already hit the bottom line of Halcyon, a company producing rubber for tyre makers.
Yet, for Mr Meyer, the dysfunctional market has been a stroke of good fortune, unearthing acquisition opportunities for a company that was, in its previous self, a private company that invested and restructured companies from various industries.

He is quite a charming man. but i dunno much about the stock...
Your thoughts?

(25-08-2014, 02:49 PM)l0nEr Wrote:

(25-08-2014, 06:28 AM)greengiraffe Wrote: http://www.businesstimes.com.sg/premium/...e-20140825

PUBLISHED AUGUST 25, 2014
TOPLINE
Halcyon finds bounce in the old rubber trade
Chief sees market returning to normal in 3-6 mths. By JAMIE LEE


Mr Meyer: 'I've never traded a gram of rubber in my life, nor do I want to . . . I like industrial processes. Maybe it's my German heritage.' - FILE PHOTO
THERE'S a new force in the rubber sector. With prized assets from industry stalwart, Lee Rubber, Halcyon Agri Corporation's chairman Robert Meyer wants to take on a clubby business that has yet to be reinvented in the way that other forms of commodity productions have. Halcyon's ambitions, backed mainly by debt-loaded acquisitions, will need traction from Mr Meyer's expectation that the rubber market will return to normalcy in three to six months' time.
Rubber is currently trading at depressed prices not seen in several years.
The rubber market's abnormal state has already hit the bottom line of Halcyon, a company producing rubber for tyre makers.
Yet, for Mr Meyer, the dysfunctional market has been a stroke of good fortune, unearthing acquisition opportunities for a company that was, in its previous self, a private company that invested and restructured companies from various industries.

He is quite a charming man. but i dunno much about the stock...
Your thoughts?

If u dare go trade rubber futures better... why bother slugging out with him since he is also betting on rubber cycle...

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http://www.businesstimes.com.sg/premium/...i-20140827

PUBLISHED AUGUST 27, 2014
Popiah King to invest S$18.45m in Halcyon Agri

Sam Goi taking up 25m Halcyon shares, or 5.94% stake, via placement
BYANITA GABRIEL
anitag@sph.com.sg @AnitaGabrielBT

Mr Goi: He was introduced to the firm for the share placement exercise by Halcyon's executive chairman and chief executive Robert Meyer. - ST FILE PHOTO
SINGAPORE billionaire Sam Goi Seng Hui is set to emerge with a 5.94 per cent stake in Catalist-listed rubber firm Halcyon Agri Corp once he picks up 25 million new Halcyon shares under a proposed placement that will cost S$18.45 million.
The shares will be placed out to Mr Goi at 73.8 Singapore cents a piece - a discount of 9.88 per cent to Halcyon's weighted average price of 81.89 Singapore cents on Aug 22, a day before the placement agreement was inked.
Halcyon's shares were last traded at 81.5 Singapore cents on Monday before trading in the counter was halted on Tuesday pending the announcement.
"Mr Goi's experience in successfully developing a global food processing business presents an important source of counsel and advice," said Halcyon in an announcement to the exchange.

http://www.businesstimes.com.sg/premium/...r-20141001

PUBLISHED OCTOBER 01, 2014
Indonesian trade group seeks floor price for rubber
It also wants to slow sales as prices continue to drop

[JAKARTA] Indonesia's main rubber grouping is seeking to put a floor under prices at US$1.50/kg as the world's No 2 producer looks to support global prices that have plunged more than 30 per cent so far this year.
Shanghai and Tokyo futures are struggling near multi-year lows, hurt by worries about China's economy and recently by Thailand's decision to sell its 200,000-tonne rubber stockpile.
Indonesian SIR20 tyre grade is currently trading at about US$1.40 per kg, below the cost of production of about US$1.60 per kg. "GAPKINDO has written and sent a circular to all its members telling them not to sell rubber if the price is below $1.50 a kg," Rusdan Dalimunthe, executive director at the Indonesian Rubber Association (GAPKINDO) told Reuters.
The letter had also been sent to International Rubber Consortium (IRCo) members, Singapore and Vietnam, said Mr Dalimunthe, adding that Thailand had sent a similar letter to producers in the world's biggest rubber producer and exporter.

Differentiation with branding on a commodity product? I am not so sure on the approach. Nature rubber has already graded.

Halcyon Agri to produce premium brand of rubber

SINGAPORE (Oct 1): Halcyon Agri Corporation ( Valuation: 0.00, Fundamental: 0.35) has launched its HEVEAPRO brand of natural rubber.

The “Premium Technically Specified Rubber” will be produced by Halcyon in Malaysia and Indonesia.

Halcyon Agri is one of the world’s leading suppliers of the natural rubber for the production of vehicle tires.

To ensure high standards are maintained, specific benchmarks for HEVEAPRO have been established against a range of criteria including safety, quality and environmental health, which will be subjected to regular audits and reviews.
...
http://www.theedgemarkets.com/sg/article...and-rubber

Latest update on the company

(not vested)

Halcyon Agri and GMG Global on trading halt
12 Jan 2016 16:29
By Andrea Soh

TRADING in shares for Halcyon Agri and GMG Global has been halted on rumours that rubber processor Halcyon Agri would be acquired by China state-owned firm Sinochem Group.

Sinochem also owns a controlling stake in GMG Global, which is said to be among the assets that will be injected into Halcyon as part of the deal.

Halcyon Agri declined to comment.
...
Source: Business Times Breaking News

The detail of the deal...

It’s official: Sinochem to acquire Halcyon and merge with GMG Global

SINGAPORE (March 28): Sinochem International Corporation is proposing the merger of its natural rubber assets in GMG Global and Halcyon Agri Corp. to form “the world's largest natural rubber company”.

Sinochem is making an offer of 75 cents for each Halcyon share to vendor shareholders Angsana Capital, Clear Tower Investments Limited, Pascal Guy Chung Wei Demierre, Andrew Trevatt and Leonard Beschizza.

The offer price is 18.1% higher than the last transacted price of 63.5 cents on Jan 11 before news articles were published asserting that Halcyon was in discussions with Sinochem on a potential transaction.

Sinochem says the vendor shareholders as well as Sam Goi Seng Hui and Credence Capital Fund II (Cayman), who collectively own an aggregate of 376.4 million Halcyon shares, representing a 62.73% stake, have undertaken to vote in favour of selling their Halcyon shares.

Upon completion of the acquisition, Halcyon will acquire a majority stake in GMG Global by making an offer for all the shares in GMG other than those it already owned. The consideration will be satisfied by the issuance of 0.9333 new Halcyon shares for every one GMG share.

Halcyon will then acquire for $210 million all the shares in a new company to be set up by SIO to deal with natural rubber processing and trading. This will be satisfied by the allotment and issuance of 280 million new Halcyon shares.
http://www.theedgemarkets.com/sg/article...gmg-global

Sinochem has about 61% interest in Sinorgchem Technology, the largest producer of 6PPD, a rubber antioxident. The stake in Sinorgchem was acquired in 2012 from Carlyle Group and other shareholders.

In an article published in Nextinsight in Aug 2015, it was mentioned that China Sunsine, listed in SGX, is the largest producer of rubber accelerators.

http://www.nextinsight.net/index.php/sto...s-compares

Jiangsu Sinorgchem Technology was also mentioned in the above article.

Will Sinochem/Sinorgchem acquire China Sunsine in the process of increasing its presence in related segments?

Renfred Tay of KGI Fraser mentioned in his Mar 2016 report that Sunsine is a potential takeover/privatisation candidate.

Proposed Acquisition of Polymer Division of RCMA Group Pte. Ltd.

Halcyon Agri Corporation Limited, one of the world’s largest natural rubber supply chain managers, has entered into an agreement with RCMA Group Pte Ltd ("RCMA Group") to acquire the assets and entities of its Polymer Division ("RCMA Polymer Division") for up to US$33.8 million. The division offers end-to end services for the polymer industry, including natural rubber and latex, synthetic rubber, chemicals and reclaimed rubber, laboratory and certification services.

More details in http://infopub.sgx.com/FileOpen/MEDIA%20...eID=479273