Ratanarak Group increasing its shareholding in Siam City Cement

Quick Summary:

Today, the largest shareholder in Siam City Cement, the Ratanarak Group, has acquired an additional stake of 25.54% from Jardine Cycle and Carriage Ltd, increasing its combined shareholding to approximately 71.88%.

This acquisition will be followed by a mandatory tender offer available to all remaining minority shareholders.

Regardless of the outcome of the mandatory tender offer, it is...

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Article Details

Category: EconomyBusiness

Markets: ThailandCambodiaSri LankaVietnam

Topics: Opportunities Materials Group Business Siam City Shareholder Ratanarak Building Cement Combined

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-19 @ 19:44:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 297 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22139467

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 15 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 17 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #66

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