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How come 68 % can be said loss of free float and suspension?
Dannkh ( Date: 20-Mar-2023 09:26) Posted:
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Halcyon loss of free float if continue want to be listed need to sell back about 10% shares to the market ? At what price ? lesser than take over price of 41.5c ?
Closing date for acceptance of the offer is extended till 10/4.
Ya, expecting payment within 7 days of this announcement., for those already accepted.
Winsmallsmall ( Date: 18-Mar-2023 14:42) Posted:
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Offer turned Unconditional, just nice 50%, doubt price can hold above 41c after Offer close.
Halcyon Agri Remains Resilient Despite Operational Headwinds
FY2022 Profit Before Tax of US$7.1 million
Steady growth in sales volume and EBITDA, a testament to our supply chain management capability to capture market opportunities
Hainan Rubber completed acquisition of 36.00% stake in Halcyon Agri, and launched a Mandatory Cash Offer (&ldquo MGO&rdquo )
SINGAPORE, 28 February 2023 &ndash Halcyon Agri Corporation Limited (&ldquo Halcyon Agri&rdquo , the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) today announced its financial performance for the full year ended 31 December 2022 (&ldquo FY2022&rdquo ). The Group continued its profitable performance and maintained a profit before tax position of US$7.1 million. Throughout FY2022, the global environment remained challenging with ongoing RussiaUkraine conflict and COVID-19 lockdown restrictions in China, exacerbated by rapid interest rate hikes, all of which affected the downstream demand. Notwithstanding the volatile market conditions in 2022, the Group effectively navigated the situation, and registered improvement on both financial and operational fronts. The Group&rsquo s revenue grew to US$2.7 billion in FY2022, bolstered by the increase in both sales volume and average selling prices. Operating profit increased by 13.9% from US$36.1 million in FY2021 to US$41.1 million in FY2022, on the back of gross profit increase, reflective of our focus in strengthening customer relationship, managing working capital and reducing overall leverage. The Group&rsquo s EBITDA expanded in tandem to US$67.4 million in FY2022.
rainbowman ( Date: 06-Feb-2023 19:57) Posted:
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This company has been performing badly after so many years, happy to exit. Would accept the offer..
Dannkh ( Date: 05-Feb-2023 19:27) Posted:
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China Hainan Rubber launches mandatory conditional offer for Halcyon Agri at S$0.413 per share
CHINA Hainan Rubber Industry Group said on Friday (Feb 3) that its wholly-owned subsidiary will be making a mandatory conditional cash offer for Halcyon Agri Corporation with an offer price of S$0.413 per share.
The announcement follows the closing of an earlier acquisition, where the Chinese rubber producer acquired 36 per cent of Halcyon Agri&rsquo s shares, which would trigger a mandatory conditional cash offer for all the shares in the Singapore-listed company.
Last November, Shanghai Stock Exchange-listed China Hainan Rubber said it was acquiring 36 per cent, or 574.2 million shares in Halcyon Agri at US$0.315 apiece, from substantial shareholder Sinochem International (Overseas).
The closing of the acquisition took place on Friday. As a result of the share acquisition, the mandatory conditional cash offer is being made in compliance with the requirements of the Singapore Code on Takeovers and Mergers.
The S$0.413 per share offer price is the Singapore dollar equivalent to the US$0.315 based on the exchange rate of US$1:S$1.3113 on Friday.
The offer is conditional upon the offeror receiving valid acceptances, which will result in the offeror and concert parties holding more than 50 per cent of Halcyon Agri shares at the close of the offer.
Sinochem International (Overseas) &ndash which still holds a direct interest in around 29.2 per cent of Halcyon Agri&rsquo s shares following the closing of the November acquisition &ndash has provided an irrevocable undertaking that it will reject the offer.
According to the bourse filing, the offeror does not intend for Halcyon Agri to be delisted and privatised following the close of the offer. It is also unlikely that the offeror would become entitled to the right of compulsory acquisition, given Sinochem&rsquo s irrevocable undertaking to reject the offer.
Separately, Halcyon Agri&rsquo s board said it has appointed Xander Capital as the independent financial adviser (IFA) to advise on the offer.
Lifting of trading halt
https://links.sgx.com/1.0.0/corporate-announcements/ZF8EX7LH4BI2B2I6/fe54fcfe3bcb6e171fe3ea26fa6ced0ebc1534712811026a9b50a66a39b455b7
https://links.sgx.com/1.0.0/corporate-announcements/ZF8EX7LH4BI2B2I6/fe54fcfe3bcb6e171fe3ea26fa6ced0ebc1534712811026a9b50a66a39b455b7
For your sake, I hope so and wish you well. Cheers.
katak88 ( Date: 05-Feb-2023 10:42) Posted:
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The CCO will only be on if the offerer recieves 50% or more acceptance to its offer at 41.3c.
I bot some few months back & will be +ve at 41.3c. Not sure to accept the offer or not. Look like rubber is a hot commodity now & Halcyon future looks bright. Anyone can advise?
I bot some few months back & will be +ve at 41.3c. Not sure to accept the offer or not. Look like rubber is a hot commodity now & Halcyon future looks bright. Anyone can advise?
katak88 ( Date: 05-Feb-2023 10:42) Posted:
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It is different case.
According to the bourse filing, the offeror does not intend for Halcyon Agri to be delisted and privatised following the close of the offer. It is also unlikely that the offeror would become entitled to the right of compulsory acquisition, given Sinochem&rsquo s irrevocable undertaking to reject the offer.
Sinochem International (Overseas) &ndash which still holds a direct interest in around 29.2 per cent of Halcyon Agri&rsquo s shares following the closing of the November acquisition &ndash has provided an irrevocable undertaking that it will reject the offer.
According to the bourse filing, the offeror does not intend for Halcyon Agri to be delisted and privatised following the close of the offer. It is also unlikely that the offeror would become entitled to the right of compulsory acquisition, given Sinochem&rsquo s irrevocable undertaking to reject the offer.
Sinochem International (Overseas) &ndash which still holds a direct interest in around 29.2 per cent of Halcyon Agri&rsquo s shares following the closing of the November acquisition &ndash has provided an irrevocable undertaking that it will reject the offer.
Jiyaji ( Date: 03-Feb-2023 18:44) Posted:
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A feeling of unwanted deja vu.... Exactly what I beleived the offeror would do. MGO at S$0.413 at current exchange rates for the same US$ 0.315 offered earlier excpet USD was much weaker ... abd you could get $0.43
Same kind of game played by Sunningdale and host of other companies. Take retail investors for a ride till they have nowhere to run.... will Hong Fok & Tuan Sing be next to do the same....
Genuinely feel sorry for those who remained invested. We deserve to be treated better.
Same kind of game played by Sunningdale and host of other companies. Take retail investors for a ride till they have nowhere to run.... will Hong Fok & Tuan Sing be next to do the same....
Genuinely feel sorry for those who remained invested. We deserve to be treated better.
Halcyon announced trading halt at 5.24pm.
Whats up?
Whats up?
Suspect Big Boys will play this stock up soon based on current volume/activities with JPM & MUFJ positioning themselves by moving the shares.( See recent Sgx announcements.)
When? Perhaps during MGO period. Vested & Dyodd.
When? Perhaps during MGO period. Vested & Dyodd.
usd charts have also bottomed out and looking to touch 120 for relative strength. rubber price is lurging back up and finally this halcyon is a sort of duopoly structure already with hidden hands in exchange
meaning govt support. ev run using air?
nope tires = rubber = halcyon.
meaning govt support. ev run using air?
nope tires = rubber = halcyon.
when you see jpm out of no where suddenly increase shares % and mufj also trading means 2 big banks
surely there are fat margins coming that people do not know
seeing today volume also make me more sure. this was a clean 10 million outright purchase with no shares to clear out weak hands. easy 10% to 35%
surely there are fat margins coming that people do not know
seeing today volume also make me more sure. this was a clean 10 million outright purchase with no shares to clear out weak hands. easy 10% to 35%
lucky you sold.
more suppliers
minimum is 435 high side is 545 to 580 to take private
more suppliers
minimum is 435 high side is 545 to 580 to take private
Hi - The offer price is US$0.315 which translates to ~ S$0.413 at current exchange rates. Unless they change the terms of the offer (why would the buyer change?) the upside is 1 to 1.25 cents at current levels.
I may be wrong - but based on SGX announdements this is the conclusion I have arrived. So I have sold off rather than wait for months for the uncertain but limited upside.
I may be wrong - but based on SGX announdements this is the conclusion I have arrived. So I have sold off rather than wait for months for the uncertain but limited upside.
finishing off delisting soon at 43.5 cents