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Halcyon Agri shares tumble after acquisition announcement
June 20, 2014 / 1:31 AM / 3 years ago

Halcyon Agri shares tumble after acquisition announcement

SINGAPORE, June 20 (Reuters) - Shares in Halcyon Agri Corp Ltd dropped as much as 10.8 percent on Friday after the company announced that it had offered to buy rubber processing plants in Indonesia for S$450 million ($359.91 million).

Halcyon shares fell to as low as S$0.87 in early trade, retreating from a one-year high of S$0.975 hit on Wednesday before the company requested a trading halt.

$1 = 1.2503 Singapore Dollars Reporting by Rujun Shen; Editing by Paul Tait

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