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BCP and BSRC Announce Business Restructuring
Published on 21/02/2025
» The Board of Directors of Bangchak Sriracha Public Company Limited (BSRC) at its Meeting No. 3/2025 has approved Bangchak Group’s restructuring plan following Bangchak Corporation Public Company Limited (BCP)’s intention to make a tender offer to acquire all securities of BSRC held by minority shareholders, amounting to up to 631,859,702 shares (equivalent to 18.3% of BSRC’s total issued shares), via a share swap with newly issued ordinary shares of BCP. The exchange ratio is set at 1 newly issued ordinary share of BCP per 6.50 BSRC shares. Any fractional shares resulting from the calculation will be disregarded. The total number of newly issued BCP shares under this transaction will not exceed 97,209,185 shares, and there will be no cash payment involved. Additionally, BCP has announced its plan to delist BSRC’s shares from the Stock Exchange of Thailand (SET), with the restructuring expected to be completed within 2025.
Bangchak Restructures for Growth with BSRC Share Swap
Published on 21/02/2025
» Bangchak Corporation Public Company Limited (BCP) has unveiled a major restructuring initiative aimed at streamlining operations and enhancing efficiency within the Bangchak Group. The company’s Board of Directors, at its Meeting No. 3/2025, approved a tender offer to acquire all minority-held securities of Bangchak Sriracha Public Company Limited (BSRC), paving the way for its delisting from the Stock Exchange of Thailand (SET). The transaction will be executed through a share swap, allowing BSRC shareholders to exchange their holdings for newly issued ordinary shares of BCP at a ratio of 1 BCP share per 6.50 BSRC shares.
TIDLOR Declares 40% Interim Dividend, Reschedules Tender Offer
Published on 20/12/2024
» Ngern Tid Lor Public Company Limited (TIDLOR) has approved an interim cash dividend of 0.438 Baht per share, equivalent to 40% of its net profit for the first nine months of 2024. The record date for eligible shareholders is January 6, 2025, with payment scheduled for January 17, 2025.