Tires & Rubber Products

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Halcyon Agri Corp Ltd updates on potential acquisition of subsidiaries of Centrotrade Holding AG

Monday, 10 Nov 2014 06:45am EST

Halcyon Agri Corp Ltd:Further to the previous announcement.Company announces that wholly owned subsidiary of the company, Hevea International Pte. Ltd. (the Purchaser or Hevea International) enters into memorandum of understanding with Raiffeisen Centrobank AG and Centrotrade Holding AG (Centrotrade) (collectively vendors).Says for the acquisition by Hevea International.Total purchase price for the Target shall be determined based on the sum of audited net asset value of the Centrotrade Subsidiaries as of Dec. 31 (NAV);.Value of the forward profit which has not been included in the NAV.Premium of $2,550,000.Pursuant to the MOU, the Group shall pay $1,000,000 which constitutes part of the premium.to the vendors as non-refundable cash down-payment within 3 working days after the signing of the MOU.Purchase consideration will be fully funded in cash through existing internal resources.

NISHIKAWA RUBBER CO LTD to change investment ratio of sub-subsidiary

Friday, 31 Oct 2014 01:00am EDT

NISHIKAWA RUBBER CO LTD:To change investment ratio of sub-subsidiary NISHIKAWA COOPER MEXICO S.A. de C.V. to 100 pct from 80 pct on Nov. 11.Sub-subsidiary NISHIKAWA COOPER MEXICO S.A. de C.V. to change name into NISHIKAWA SEALING SYSTEMS MEXICO S.A. de C.V. on Nov. 1.

Sri Trang Agro-Industry PCL's subsidiary announces purchase of property

Wednesday, 29 Oct 2014 06:55am EDT

Sri Trang Agro-Industry PCL:To approve Sri Trang Rubber and Plantation Co Ltd, a wholly-owned subsidiary to purchase 47 plots of the land in the amount of 1,354 rai 2 ngan 24 square wah (541,824 square wah) together with the buildings including drip irrigation system on some part of land at Doi Tao distract, Changmai province.Value of the transaction was 60,000,000 Baht.

Halcyon Agri Corp Ltd announces satisfaction of conditions subsequent to acquisition of Hevea Kb Sdn. Bhd

Monday, 29 Sep 2014 06:01am EDT

Halcyon Agri Corp Ltd:Refers to the announcement made earlier, in relation to the acquisition of Hevea Kb Sdn. Bhd (F.K.A. CLS Sdn. Bhd.) (The CLS Acquisition).Says that further to the CLS Acquisition Announcements, the conditions subsequent to the CLS Acquisition have been fully satisfied.Says it has made payment of the remaining consideration of 10 mln Ringgit to the Vendors.Says payment was financed through internal resources of the Group.

Halcyon Agri Corp Ltd updates on proposed acquisition of entire issued and paid-up share capital of New Continent Enterprises

Thursday, 25 Sep 2014 05:10am EDT

Halcyon Agri Corp Ltd:Further to previous announcement , board enters into a sale and purchase agreement.SPa with Oei Hong Bie @ Ng Kim Tjing @ Hadi Widjaja and Hong Wan Company Limited (Hong Wan) (Vendors) for the acquisition of 41,000,000 ordinary shares.This representing the entire issued and paid up share capital of New Continent Enterprises (Private) Limited (NCE) by Company or its nominee.Assets of NCE Group that are subject of Proposed Acquisition shall consist of only the part of the business relating to the natural rubber industry (Acquired Business” and shall not include any business which is not part of Acquired Business.Completion of the Proposed Acquisition shall take place on Sept. 30 or any other date as may be agreed by company and Vendors in writing.

HRS Co Ltd amends settlement date of acquisition properties

Wednesday, 24 Sep 2014 01:55am EDT

HRS Co Ltd:Expected transaction settlement date of acquiring land measured 46,281 square meters in Pyeongtak City from U-CHANG CO.,LTD, to be June 30, 2015 instead of Dec. 2, 2014.Transaction amount of 15,400 million won.

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