Sinochem Group, which owns controlling stake in GMG Global Ltd, now in talks to take control of Halcyon Agri Corporation Limited. Halcyon Agri may merge with GMG Global if talks by Sinochem Group to take control of Halcyon Agri bear fruit. Halcyon Agri said "the possible transaction is not imminent" and there is "no certainty" it will take place or when that will be.