Daily Brief Singapore: Halcyon Agri, AlterPacks, Hopson Development and more

• Back on the 16 November, Halcyon Agri (HACL SP) announced Sinochem, holding 65.2% of shares out, had entered into an SPA to sell 36% to China Hainan Rubber (601118 CH).
• Upon completion of the SPA, Hainan Rubber will make an MGO, conditional on a 50% tendering acceptance.  Sinochem has provided an undertaking not to tender its remaining 29.2% stake. 
• Halcyon has now announced SASAC has given the green light for the SPA. Outstanding conditions include MoC and NDRC. Those approvals should fall into place shortly.

• Alterpacks, a Singapore-based provider of biodegradable food containers, has closed its US$1 million pre-seed funding round.
• The company provides new economic value to spent grains, a by-product of the food manufacturing process, after producing malted drinks, such as milo or beer.

• Alterpacks is also creating bio-pellets to replace petroleum-based resins used in standard manufacturing machines today.

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

• Fosun International
• Hopson Development
• Lippo Karawaci
• Lippo Malls Indonesia Retail Trust