The Siam Cement Public Company Limited (SCC) has reached an agreement with the Michelin Group
(of France) to sell all 10% stake in Michelin Siam Group.
This transaction is expected to generate the total proceeds of approximately 2,300 million Baht,
and result in a non-recurring income after tax of approximately 1,600 million Baht,
which will be realized in the first quarter of 2015.
Michelin Siam Group was formed as a joint venture between SCC and Michelin Group (of France),
and is one of Thailand’s largest manufacturer of tires for car and truck.
This investment is exempt from SET’s rule of information disclosure concerning the acquisition
and disposition of assets of listed companies and is not connected transaction.
Translation January 16, 2015
To President The Stock Exchange of Thailand
Yours faithfully,
The Siam Cement Public Company Limited
-signed by-
(Mr. Kan Trakulhoon)
President & CEO
(of France) to sell all 10% stake in Michelin Siam Group.
This transaction is expected to generate the total proceeds of approximately 2,300 million Baht,
and result in a non-recurring income after tax of approximately 1,600 million Baht,
which will be realized in the first quarter of 2015.
Michelin Siam Group was formed as a joint venture between SCC and Michelin Group (of France),
and is one of Thailand’s largest manufacturer of tires for car and truck.
This investment is exempt from SET’s rule of information disclosure concerning the acquisition
and disposition of assets of listed companies and is not connected transaction.
Translation January 16, 2015
To President The Stock Exchange of Thailand
Yours faithfully,
The Siam Cement Public Company Limited
-signed by-
(Mr. Kan Trakulhoon)
President & CEO
 |
| CAPTURE D'ÉCRAN: http://www.michelin.co.th/then |
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