Ratanarak Group increasing its shareholding in Siam City Cement

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...