|
|
Article: Sinochem International to acquire 51% interest in GMG.(M & A, Business & Trade)
- Article from:
- China Chemical Reporter
- Article date:
- August 6, 2008
CopyrightCOPYRIGHT 2008 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
On July 11th, Sinochem International Co., Ltd. announced its wholly-owned unit Sinochem International (Overseas) Pte Ltd. plans to launch a tender offer to acquire a 51% interest or 1.031 billion ordinary shares, in GMG Global Ltd, a rubber plantation owner and operator, from GMG Holding (HK) Lid and Panwell (Pie) Ltd, for 0.26 Singapore dollar (US$0.191) in cash per share or a total value of S$267.932 million (US$197.067 million). The transaction was subject to shareholders' and regulatory approvals.
GMG Global is a Singapore-based plantation group focusing on long-term investments in Africa and Asia. The company is an integrated producer of natural rubber ...