The Siam Cement Public Company Limited (SCC) informs about the restructuring of the ceramic tile business. and sanitary ware of the subsidiary group held on March 29, 2023. The Board of Directors’ meeting of SCG Decor Co., Ltd. (SCG Decor) held on March 29, 2023 resolved to approve the business restructuring plan by SCG Décor. will issue and offer the initial public offering (IPO) of SCG Decor’s ordinary shares and list SCG Decor’s shares on the Stock Exchange of Thailand The issuance and offering of IPO shares will occur simultaneously with the making of a tender offer for all shares of SCG Ceramics Public Company Limited (COTTO) held by other shareholders at a price of 2.40 baht per share. per share (after COTTO’s shareholders’ meeting approves the delisting of securities and the delisting has been approved by the SET)
COTTO shareholders who accept the tender offer will receive compensation in the form of newly issued ordinary shares of SCG Decor (Share Swap) without cash payment (No Cash Alternative).
While the Stock Exchange of Thailand (SET) announced the release of SP COTTO shares from this afternoon.