SHANGHAI—Sinochem International is in talks to purchase a stake of between 25 and 50 percent in Halcyon Agri Corp.
Singapore-listed Halcyon is the world's second largest natural rubber supplier with 748,000 tond per year capacity—following Thailand's Sri Trang Agro-Industry.
Natural rubber processor and merchandiser Halcyon operates mainly in Indonesia and Malaysia. Its distribution network covers Southeast Asia, China, South Africa, the U.S. and Europe.
According to a Jan. 15 statement by Sinochem, it is trying to cut a deal with Halcyon's shareholders including CEO Robert Meyer, who owns 29.8 percent of the company.
The negotiation also covers integrating the target asset with Sinochem's existing affiliates, such as Singapore's natural rubber maker GMG Global, the firm said in a statement.