GENERAL

Ratanarak Group increasing its shareholding in Siam City Cement

Published on 19/08/2024

» Today, the largest shareholder in Siam City Cement, the Ratanarak Group, has acquired an additional stake of 25.54% from Jardine Cycle and Carriage Ltd, increasing its combined shareholding to approximately 71.88%. This acquisition will be followed by a mandatory tender offer available to all remaining minority shareholders. Regardless of the outcome of the mandatory tender offer, it is understood that Siam City Cement will remain a public company listed on the Stock Exchange of Thailand in compliance with applicable listing requirements. The Ratanarak Group, the founders of Siam City Cement back in 1969, will after this acquisition be the sole major and controlling shareholder.