Pursuant to the restructuring, SCC's stake, valued at approximately 22 Million Baht or 30 Million Philippines Pesos, will be transferred to its existing local controlling shareholders and joint venture partner, pending approval of the Philippines regulation, and is expected to complete by the end of October 2012.
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Siam Cement Public Company Post-restructuring Divestment of an Associated Company in The Philippines
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The Siam Cement Public Company Limited (or "SCC") hereby announces that on September 14, 2012, following the restructuring of SCC's ceramics operations in The Philippines, SCC and its subsidiary will be divesting their stake in Mariwasa Siam Holdings Inc ("MMi"), SCC's associate which is a holding company with no operating assets.
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