Tires & Rubber Products

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Halcyon Agri Corp Ltd announces acquisition of entire issued and paid-up share capital of New Continent Enterprises (private) Ltd

Tuesday, 12 Aug 2014 06:57pm EDT

Halcyon Agri Corp Ltd:Says along with subsidiary, Hevea Global Pte. Ltd., enters into a memorandum of agreement with Oei Hong Bie @ Ng Kim Tjing @ Hadi Widjaja and Hong Wan co. Ltd for acquisition of 41,000,000 ordinary shares representing entire issued and paid up share capital of New Continent Enterprises (Private) Ltd.DBS Bank Ltd. has been appointed as financial adviser to the company for the Proposed Acquisition.

Dalian Rubber & Plastics Machinery and subsidiary to issue shares for stake acquisition and fund raising

Thursday, 24 Jul 2014 08:00pm EDT

Dalian Rubber & Plastics Machinery Co Ltd:To issue 47,148,058 shares at 8.24 yuan per share to Quanzhou-based investment company in exchange for 70 pct stake in a Fujian-based building materials and equipment company (target company).To issue 3,367,718 shares at 8.24 yuan per share to Quanzhou-based investment consulting company in exchange for 5 pct stake in target company.Says its Hong Kong-based subsidiary to pay cash of 138,750,000 yuan, to a China-based investment company, to acquire 25 pct stake in target company.The transaction price valued at no more than 555 mln yuan.To issue no more than 24,966,261 shares at no less than 7.41 yuan per share through private placement, to raise up to 185 million yuan.The proceeds will be used for the stake acquisition and supplement of working capital.

Saranskiy zavod Rezinotekhnika OAO receives offer from Radik Mingazov

Wednesday, 16 Jul 2014 01:57am EDT

Saranskiy zavod Rezinotekhnika OAO:Receives an offer from Radik Mingazov to acquire the company's shares.Mingazov already owns a 96.45 percent stake in the company.The offered price is 1,250 Russian rubles a share.

American Tire Distributors Holdings Inc announces asset purchase agreements - Form 8-K

Wednesday, 2 Jul 2014 04:34pm EDT

American Tire Distributors Holdings Inc:Says on June 27, 2014, TriCan Tire Distributors Inc. (TriCan), indirect wholly-owned subsidiary of American Tire Distributors Holdings, Inc. enters into Asset Purchase Agreement.Agreement with Trail Tire Distributors Ltd., corporation formed under laws of Province of Alberta (Trail Tire) and shareholders and principals of Trail Tire, pursuant to which TriCan agreed to acquire the wholesale distribution business of Trail Tire.Trail Tire is wholesale distributor of tires, tire parts, tire accessories and related equipment in Canada.TriCan also entered into Asset Purchase Agreement (Extreme Purchase Agreement) with Extreme Wheel Distributors Ltd., corporation formed under laws of the Province of Alberta (Extreme) and shareholder and principal of Extreme.Pursuant to which TriCan agreed to acquire the wholesale distribution business of Extreme.Extreme is a wholesale distributor of wheels and related accessories in Canada.

Halcyon Agri Corp Ltd updates on proposed acquisition of Anson Company (private) Limited

Friday, 20 Jun 2014 03:52am EDT

Halcyon Agri Corp Ltd:On June 19 and June 20 in relation to the proposed acquisition of Anson Company (Private) Limited and its Indonesian subsidiaries PT Hok Tong, PT Hadji Djamaloedin and Hadji Shamsoedin Rubber Remilling (Remco), PT Sunan Rubber and PT Rubber Hock Lie (together Anson Group).Says for an aggregate purchase consideration of S$450,000,000.Once completed, the Proposed Acquisition will transform the Group to become Indonesia’s second largest producer and exporter of natural rubber.

Halcyon Agri Corp Ltd announces proposed acquisition of Anson Company (private) Ltd

Thursday, 19 Jun 2014 05:25am EDT

Halcyon Agri Corp Ltd:Says in connection with the sale process carried out by the shareholders (vendors) of Anson Company (Private) Ltd to divest their shares (sale shares) in Anson.The group has made a proposal to acquire the sale shares at an aggregate purchase consideration of S$450,000,000.The group has on June 19 been informed by the vendors that they accept the group’s interest to acquire the sale shares.

Michelin to acquire Brazilian Sascar

Monday, 9 Jun 2014 02:45am EDT

Compagnie Generale des Etablissements Michelin SCA:Intends to acquire all outstanding shares of Sascar, Brazilian digital fleet management and freight security company, based in Sao Paulo.Sascar has 870 employees and generated FY 2013 revenue of 280 mln Brazilian reias (about 91 mln euros).Acquisition to expand Michelin service offering for truckers and to speed growth of its truck tire business in Brazil.Enterprise value of 1,600 mln reias (about 520 mln euros), includes purchase price of 1,353 mln reias (about 440 mln euros) and 247 mln reias (about 80 mln euros) in debt.Amounts to be adjusted when acquisition closes.Acquisition subject to approval from Brazilian competition authorities.

Reclaim Industries Ltd enters into heads of agreement to acquire Skills Connect

Sunday, 18 May 2014 07:41pm EDT

Reclaim Industries Ltd:Enters into heads of agreement (HOA) with Employment Management Systems Pty Ltd (EMS), Skills Connect Pty Ltd (SCL) and Employment Management Systems Pty Ltd Shareholders (Vendors), to acquire 100 pct. of all rights and title in all issued capital of EMS.EMS is legal owner and beneficial owner of SCL.SCL is privately owned cloud based business that provides business intelligence solution for multi-sourced human capital.Under terms of HOA, RCM, EMS, SCL and vendors are to execute share sale agreement within 60 days, and agree as follows.RCM will issue 400,000,000 fully paid ordinary consideration shares upon completion of acquisition.RCM will issue 350,000,000 fully paid ordinary shares upon achievement of Milestone 1.RCM will issue 300,000,000 fully paid ordinary shares upon achievement of Milestone 2.RCM will issue 20,000,000 fully paid ordinary facilitation shares upon completion of acquisition.

Cheng Shin Rubber Ind. Co Ltd to acquire land use right

Thursday, 15 May 2014 08:49pm EDT

Cheng Shin Rubber Ind. Co Ltd:To pay up to $60 million (T$1,810,080,000) for acquiring land use right of Greenland International Industrial Center in Indonesia from PT. PURADELTA LESTARI in order to meet the needs of business expansion.

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