1. Homepage
  2. Equities
  3. Thailand
  4. Stock Exchange of Thailand
  5. The Siam Cement
  6. News
  7. Summary
    SCC   TH0003010Z04

THE SIAM CEMENT

(SCC)
  Report
End-of-day quote Stock Exchange of Thailand  -  2022-08-16
366.00 THB   +0.27%
08/16SIAM CEMENT : Resolution of the Exercise of 9 Derivative warrants issued by KKPS
PU
08/16Thai Beverage, Frasers Property Set Up JV in Thailand
MT
08/15SIAM CEMENT : Information Memorandum regarding the Connected Transaction of The Siam Cement Public Company Limited
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Siam Cement Public : Acquisition of Oitolabs Technologies Private Limited in India

08/31/2020 | 06:19am EDT

Translation

CSO S63-172

August 31, 2020

To

President,

The Stock Exchange of Thailand

Subject: Acquisition of Oitolabs Technologies Private Limited in India

The Siam Cement Public Company Limited (or "SCC") hereby announces that SCG Cement-Building Materials Company Limited (or "SCG CBM"), a wholly owned subsidiary of SCC, has entered into a share purchase agreement to acquire all shares of Oitolabs Technologies Private Limited (or "OITOLABS") in India from the existing shareholders, to support SCG CBM's digital technology and software development with the aim of delivering values to customers and enhancing growth opportunities.

The aforementioned transaction is valued at 2 million USD or approximately 62.4 million Thai Baht, translating into SCG CBM's 100% equity stake in OITOLABS. The transaction is expected to be completed in the third quarter of 2020.

OITOLABS, a leading software development company in India, has personnel with capability and experience in digital platform development that can help accelerate SCG CBM's business success. This acquisition complements SCG CBM's strategy to expand Active OMNI-Channel retail platform for home building customers in ASEAN region.

This investment is considered an asset acquisition transaction. The size of this transaction is 0.01% of total assets as stated in SCC consolidated financial statements as of June 30, 2020, and when combined with other asset acquisition transactions in the past six months prior to the date of this transaction, the total size is 0.08%. Thus, the disclosure of this transaction is not required pursuant to disclosure rule for the acquisition and disposition of assets. This transaction is not a connected transaction.

Please be informed accordingly.

Yours faithfully,

The Siam Cement Public Company Limited -signed by-

(Mr. Roongrote Rangsiyopash)

President & CEO

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Siam Cement pcl published this content on 31 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2020 10:19:06 UTC


© Publicnow 2020
All news about THE SIAM CEMENT
08/16SIAM CEMENT : Resolution of the Exercise of 9 Derivative warrants issued by KKPS
PU
08/16Thai Beverage, Frasers Property Set Up JV in Thailand
MT
08/15SIAM CEMENT : Information Memorandum regarding the Connected Transaction of The Siam Cemen..
PU
08/15SIAM CEMENT : Resolution of the Exercise of 24 Derivative warrants issued by KGI
PU
08/11SIAM CEMENT PUBLIC : Resolution of the Exercise of 34 Derivative warrants issued by FSS
PU
08/11SIAM CEMENT PUBLIC : Interim Separate Financial Statement Quarter 2/2022 (Reviewed)
PU
08/11SIAM CEMENT PUBLIC : Interim Consolidated Financial Statement Quarter 2/2022 (Reviewed)
PU
08/11SIAM CEMENT PUBLIC : Management Discussion and Analysis Quarter 2/2022 (Reviewed)
PU
08/11SIAM CEMENT PUBLIC : Reviewed Quarter 2/2022 and Consolidated F/S (F45)
PU
08/11SIAM CEMENT PUBLIC : Submittal of Reviewed Interim Financial Statement for Quarter 2/2022
PU
More news
Analyst Recommendations on THE SIAM CEMENT
More recommendations
Financials
Sales 2022 587 B 16 525 M 16 525 M
Net income 2022 35 754 M 1 007 M 1 007 M
Net Debt 2022 274 B 7 705 M 7 705 M
P/E ratio 2022 12,4x
Yield 2022 4,12%
Capitalization 439 B 12 371 M 12 371 M
EV / Sales 2022 1,21x
EV / Sales 2023 1,15x
Nbr of Employees 54 224
Free-Float 56,7%
Chart THE SIAM CEMENT
Duration : Period :
The Siam Cement Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE SIAM CEMENT
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 366,00 THB
Average target price 416,67 THB
Spread / Average Target 13,8%
EPS Revisions
Managers and Directors
Roongrote Rangsiyopash President, Chief Executive Officer & Director
Chantanida Sarigaphuti Chief Financial Officer & Treasurer
Satitpong Sukvimol Chairman
Yuttana Jiamtragan Vice President-Corporate Administration
Chumpol NaLamlieng Vice Chairman
Sector and Competitors
1st jan.Capi. (M$)
THE SIAM CEMENT-5.18%12 355
BERKSHIRE HATHAWAY INC.2.36%675 735
HONEYWELL INTERNATIONAL INC.-2.32%137 211
SIEMENS AG-26.62%90 388
GENERAL ELECTRIC COMPANY-14.18%88 898
3M COMPANY-15.41%85 622