Tires & Rubber Products

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Compagnie Generale des Etablissements Michelin SCA completes Sascar acquisition

Monday, 1 Sep 2014 02:45am EDT

Compagnie Generale des Etablissements Michelin SCA:Announces that it has completed the acquisition of all outstanding shares of Sascar.

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.


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