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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Siam Cement Further Increases Stake in Thai Plastic and Chemicals

7:27 AM MDT | March 23, 2012 | —Deepti Ramesh

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

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