Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Thailand
  4. Stock Exchange of Thailand
  5. The Siam Cement Public Company Limited
  6. News
  7. Summary
    SCC   TH0003010Z04

THE SIAM CEMENT PUBLIC COMPANY LIMITED

(SCC)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
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


ę Publicnow 2020
All news about THE SIAM CEMENT PUBLIC COMPANY LIMITED
11:25aSIAM CEMENT PUBLIC : SCG Chemicals' Advanced Recycling, First In Thailand For ISCC PLUS st..
AQ
09/21SCG PACKAGING PUBLIC : Expands Production Facility in Vietnam
MT
09/20Thailand's SCG Packaging plans $353 million Vietnam expansion
RE
09/20Thailand's SCG Packaging plans $353 mln Vietnam expansion
RE
09/17SIAM CEMENT PUBLIC : Acquisition of additional stake in Bangkok Synthetics Company Limited..
PU
09/14SIAM CEMENT PUBLIC : Disclosure of the Roadshow Presentation on the Company's Website
PU
09/10SIAM CEMENT PUBLIC : Braskem and SCG Chemicals to study joint investment into bio-based et..
AQ
09/10SIAM CEMENT PUBLIC : Disclosure of the Roadshow Presentation on the Company's Website
PU
09/07SIAM CEMENT PUBLIC : Acquisition of 9.90% stake in Team Consulting Engineering Public Comp..
PU
08/26Builk One Group Company Limited announced that it has received funding from Beacon Vent..
CI
More news
Analyst Recommendations on THE SIAM CEMENT PUBLIC COMPANY LIMITED
More recommendations
Financials
Sales 2021 475 B 14 264 M 14 264 M
Net income 2021 48 069 M 1 443 M 1 443 M
Net Debt 2021 197 B 5 908 M 5 908 M
P/E ratio 2021 10,3x
Yield 2021 4,47%
Capitalization 494 B 14 810 M 14 842 M
EV / Sales 2021 1,45x
EV / Sales 2022 1,42x
Nbr of Employees 54 224
Free-Float 56,3%
Chart THE SIAM CEMENT PUBLIC COMPANY LIMITED
Duration : Period :
The Siam Cement Public Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE SIAM CEMENT PUBLIC COMPANY LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Last Close Price 412,00 THB
Average target price 503,82 THB
Spread / Average Target 22,3%
EPS Revisions
Managers and Directors
Roongrote Rangsiyopash President, Chief Executive Officer & Director
Thammasak Sethaudom Chief Financial Officer, VP-Finance & Investment
Satitpong Sukvimol Chairman
Yuttana Jiamtragan Vice President-Corporate Administration
Sumet Tantivejkul Vice Chairman
Sector and Competitors
1st jan.Capi. (M$)
THE SIAM CEMENT PUBLIC COMPANY LIMITED8.99%14 783
BERKSHIRE HATHAWAY INC.18.48%620 163
HONEYWELL INTERNATIONAL INC.2.03%149 830
SIEMENS AG27.30%140 246
GENERAL ELECTRIC COMPANY14.05%108 157
3M COMPANY2.89%104 062