China Hainan Rubber Industry, a firm that operates in the rubber industry, agreed to acquire a 36% stake in Halcyon Agri, a firm which operates in the rubber supply chain, specializing in the processing and merchandising/marketing of processed rubber, for $181m. The offeror announced its intention for Halcyon Agri to remain listed on the SGX-ST following the completion of the MGO, and they have no intention to introduce any major changes to the existing business or management of the Group.