Siam Cement Public : Acquisition of 9.90% stake in Team Consulting Engineering Public Company Limited by Nexter Ventures Company Limited
September 07, 2021 at 06:52 am EDT
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CSO S64-155
September 7, 2021
To President,
The Stock Exchange of Thailand
Subject: Acquisition of 9.90% stake in Team Consulting Engineering
Public Company Limited by Nexter Ventures Company Limited
The Siam Cement Public Company Limited (or "SCC") hereby announces that Nexter Ventures Company Limited (or "Nexter Ventures"), a wholly owned subsidiary of SCC, has completed the acquisition of 9. 90% stake in Team Consulting Engineering Public Company Limited ( or
TEAMG" ) . This was done via the purchase of 67,328,800 common shares in TEAMG, or
9. 90% of total shares outstanding, at 2. 54 Thai Baht/ share, equaling to a transaction size of approximately 171 million Thai Baht.
TEAMG principally engages in providing integrated engineering, environmental, and project management consulting services to diversified industries. Its platform complements SCC's cement and building material business which focuses on developing and offering solutions to serve customers' needs. This acquisition will enable joint collaboration and the creation of innovative solutions such as environmentally friendly construction technologies (Green Construction Solution) to help reduce construction waste, optimize budget and shorten construction period.
This investment is considered an asset acquisition transaction. The size of this transaction is less than 0.02% of total assets stated in SCC consolidated financial statements as at June 30, 2021, and when combined with those in the past six months prior to the date of this transaction, the total size is 3.61%. 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. The details of the transaction are in accordance with Form 246-2 as filed with the Securities and Exchange Commission.
Please be informed accordingly.
Yours faithfully,
-Signed-
(Mr. Roongrote Rangsiyopash)
President & CEO
The Siam Cement Public Company Limited
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Siam Cement pcl published this content on 07 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2021 10:51:01 UTC.
The Siam Cement Public Company Limited is a Thailand-based industrial company. The Company operates through three segments: Cement-Building Materials Business, Chemicals Business (SCGC), Packaging Business (SCGP), and Others. Its Cement-Building Materials Business manufactures and distributes grey cement, ready-mixed concrete, white cement, dry mortar, refractory products, lightweight concrete, roof tiles, ceiling and wallboard, wood substitute, concrete paving blocks, ceramic tiles, sanitary wares and sanitary fittings. SCGC manufactures and sells olefins, polyolefins, vinyl and other chemical products. SCGP segment offers an integrated packaging chain, including fiber-based packaging, packaging paper and performance and polymer packaging, and fibrous chain, including foodservice products, pulp and paper products. Its Others segment invests in new S-curve businesses and jointly invests with companies in other businesses, mainly agricultural machines, automotive parts and components.