THE Singapore Exchange (SGX) will be investing US$1.5 million through its wholly-owned subsidiary Asian Gateway Investments for a 9.09 per cent stake in rubber trading platform HeveaConnect (HC).
Conversely, rubber supply chain franchise Halcyon Agri - which previously owned a majority stake in HC - will have its total equity interest reduced from 71.1 per cent to 49.9 per cent following its share disposal and new share issue by HC.