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Siam Cement Further Increases Stake in Thai Plastic and Chemicals

1:05 AM MDT | March 20, 2012 | Deepti Ramesh

SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok) says it has acquired additional shares in polyvinyl chloride (PVC) producer Thai Plastic and Chemicals (TPC; Bangkok), an affiliate of SCG, through a tender offer. During the tender offer period from February 10, 2012 to March 16, 2012, SCG Chemicals acquired an additional 12.62% stake in TPC. Prior to the tender offer, SCG held a 45.64% stake and SCG Chemicals held a 30.3% stake in TPC. Following the tender offer, SCG Chemicals’ stake in TPC has increased to 42.92%, and the SCG...

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