Siam Metropolis Cement Share Worth Rises Following Main Share Acquisition Settlement with Dawn Fairness

SCCC elevated 9.06% to 156.50 baht, a rise of 13.00 baht, buying and selling worth 12.27 million baht at 10.03 am from the opening worth of 155.50 baht, the very best worth 156.50 baht, the bottom worth 154.50 baht.

Siam Metropolis Cement Public Firm Restricted (SCCC) disclosed that the corporate has been knowledgeable by Dawn Fairness Firm Restricted, a significant shareholder, that on August 16, 2024 it entered into an settlement to buy shares from Jardine Cycle & Carriage Restricted (Vendor) 76,107,368 of shares, that are 25.54% of the corporate’s complete voting rights. at a purchase order worth of 160 baht, topic to the phrases and situations of the share buy contract

The Firm expects that the situations precedent and the Share Buy Transaction can be fulfilled by 19 August 2024 or the date agreed in writing by the events below the Share Buy Settlement. As soon as the situations precedent below the share buy settlement are met and possession of the shares transfers because of the share buy transaction, Dawn Fairness will maintain roughly 71.88% of the corporate’s shares and can make a proposal tender to purchase all of the securities at a worth of 160 baht per share.

By Phacharathorn Phumikham/Sasithorn Simaporn