Sinochem International intends to acquire Halcyon to further strengthen the natural rubber industry

After a short suspension of trading, Sinochem International's asset acquisition and integration plan was released
today.
According to the announcement, Sinochem International's integration operation of its natural rubber plate is mainly divided into three parts
.
First, Sinochem Sinsin, a wholly-owned subsidiary of Sinochem International, intends to conditionally acquire 30.
07% of the equity interests held by five major shareholders of Halcyon in cash for a consideration of S$0.
75 per share, which will trigger a mandatory general tender offer for all issued shares of Halcyon
.
After the completion of the above acquisition, Sinochem will hold no less than 53.
98%
of the equity of Halcyon.

Secondly, after the completion of the cash acquisition, Halcyon plans to issue new shares and acquire a majority of the equity of GMG through a voluntary general tender offer for 1 share of GMG (Sinochem New Holding Company) for 0.
9333 shares of
Halcyon.
Upon completion of the acquisition, GMG may be delisted as
a result.

Finally, Sinochem International also incorporated its natural rubber processing and marketing business other than GMG into a newly established overseas SPV company
.
Upon completion of the Exchange, Halcyon will also issue new shares to acquire the SPV for consideration of 280 million shares of
Halcyon's common stock.
After the completion of all the above transactions, Sinochem International will hold no less than 60%
of the equity interest in Halcyon.

Sinochem International said that Halcyon has high-quality tianjiao processing resources, and through this acquisition, it not only realizes industrial integration but also complements its advantages, enhancing the company's influence and market discourse power in the upstream and downstream of the industry
.
At the same time, through this acquisition and integration, Sinochem International will also become the world's largest supplier of natural rubber, and the company's integrated sales network will have a sales capacity of about 2 million tons of natural rubber and latex, and the operating income will exceed 2.
3 billion US dollars.

In addition, after Halcyon is included in the scope of Sinochem International's consolidated financial statements, it is expected that Sinochem International's current revenue can increase by 10% to 20% by simulating and comparing the financial data before and after the acquisition, and will make a positive contribution
to the company's current profit, net assets and other financial indicators.