As you probably know, on February 21st, 2012, Siat entered into a partnership with the Singaporean based GMG Global Ltd (GMG), a subsidiary of Sinochem International from China. Last week, on the 17th of July, GMG acquired a 35% stake in the Siat holding company, in Belgium. To celebrate this event we organized an official ceremony in Brussels.
Comme vous le savez probablement déjà, SIAT a signé, le 21 février dernier, un accord de partenariat avec le groupe Singapourien GMG Global Ltd, filiale du groupe chinois Sinochem International. L’accord définitif est entré en vigueur le 17 juillet. A cette occasion, une cérémonie officielle de signature a été organisée à Uccle.
We are pleased to announce that on the 7th of May 2012, Siat (Cambodge) Co. Ltd opened its head quarter.
Siat and Fimave wish to announce that on the 21st of February 2012, they concluded a deal with GMG Global Ltd of Singapore for the sale of 35% of Siat's share capital for a total consideration of EUR 192,56 million.
The Siat Group has concluded a Memorandum of Understanding with a new financial and strategic partner to acquire and develop an additional 100.000 ha of oil palm and rubber plantations over the period 2012 - 2021.
In order to broaden the group's reputation, we have recently ordered advertisements in a number of magazines.
Just to name a few: the 'Nepad Business Investment Guide' (Time Publications); 'Spirit of SN' (inflight magazine from SN Brussels Airlines); 'Industries & Services' (France) and 'Revue CBL/ACP' (Belgium).