Halcyon Agri Corporation Limited acquires the assets and entities of RCMA Group’s polymer business
RCMA Group signs agreement with Halcyon Agri to sell RCMA’s Polymer Business Division
Singapore, 21 November 2017 – We are pleased to announce that RCMA Group Pte Ltd (the “Company“) has, on 21 November 2017, entered into an agreement (the “SPA”) with Halcyon Agri Corporation Limited (the “Buyer”) for the acquisition of all of the rubber trading and distribution business operated by the Company and its subsidiaries (the “Proposed Acquisition”) in Europe, the United States, Singapore, and Thailand, which includes 100% of the issued and paid-up share capital of the following wholly-owned subsidiaries of the Company
(i) RCMA Terminals B.V., a private limited liability company incorporated in The Netherlands (“RCMA BV”) with issued and paid-up share capital of €18,000; and
(ii) RCMA (Hatyai) Limited, a limited company incorporated in the United Kingdom of Thailand with issued and paid-up share capital of THB250,000 (“RCMA Thailand”),
(hereinafter the rubber trading and distribution business, RCMA BV and RCMA Thailand shall collectively be referred to as the “RCMA Polymer Division”).
For more information please refer to Halcyon’s SGXnet announcement HERE
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