Recently, A-share listed company SINOCHEM INTERNATIONAL CORPORATION ("SINOCHEM," a subsidiary of Fortune 500 company SINOCHEM GROUP) acquired shares from the principal shareholders of Singapore-listed company Halcyon Agri Corporation Limited ("Halcyon") through its wholly-owned overseas subsidiary Sinochem International (Overseas) Pte. Ltd ("Sinochem Singapore"), it then integrated its domestic and overseas natural rubber business through acquisition by tender offer and a series of restructuring. These transactions have not only led SINOCHEM to industrial integration but also brought complementary advantages thereto, making it the world's largest natural rubber supplier.
In July 2016, Sinochem Singapore consummated its acquisition of shares from the principal shareholders of Halcyon and made a mandatory tender offer to acquire all outstanding shares of Halcyon in cash. On August 22 2016, the acquisition by mandatory tender offer was consummated. On September 9 2016, Halcyon made a voluntary tender offer to exchange newly-issued shares with GMG Global Limited ("GMG"), a subsidiary of Sinochem Singapore. After the aforementioned share exchange, Halcyon issued new shares in October 2016 and thereby acquired all of the domestic and overseas natural rubber assets and business, in addition to GMG, of SINOCHEM.
As PRC legal counsel for SINOCHEM, Llinks provided a full range of legal services with regard to the foregoing transactions.
