GMG Global was incorporated in Singapore on 23 July 1999 as a public company. The principal activity of GMG Global is investment holding. On 29 December 1999, it acquired all the shares of Electro Magnetics (1992) Ltd which was listed since 1993 and had become insolvent. Electro Magnetics became a subsidiary and is still under judicial management.\n\nGMG is a Singapore-based plantation group dedicated to long term investments in Central and West Africa. It is an integrated producer of natural rubber engaged in the planting, growing, tapping and processing of natural rubber. The Group's emphasis is on producing premium products for the European and US markets.\n\nCurrently operating in three countries, namely (i) Singapore where it maintains its corporate Headquarters and marketing/sales arm, (ii) Cameroon, where its wholly-owned subsidiary, GMG International, SA owns a 90 percent stake in Hevecam, which owns an industrial rubber plantation on a land concession of 40,000 hectares and (iii) Ivory Coast, where its 51.2 percent subsidiary, Tropical Rubber Cote d’Ivoire owns and operates a processing facility and a rubber plantation on a land concession of 1,511 hectares (Anguededou Plantation).\n\nAs a producer of high quality natural rubber, it focuses on centrifuged latex and tyre-grade rubber; and two supplementary products: block rubbers of latex and skim. With total annual production of around 46,000 tons, it accounts for approximately 55 percent and 14 percent of Cameroon’s and Ivory Coast’s annual rubber exports respectively.\n\nBoth the Hevecam and Anguededou Plantations were acquired from the respective governments under State privatisation programmes. The State of Cameroon and the State of Cote d’Ivoire remain as a 10 percent and 20 percent shareholder in Hevecam and Tropical Rubber Cote d’Ivoire respectively.