scg building materials acquired 100% stake in prime group vietnam

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  • 8/17/2019 SCG Building Materials Acquired 100% Stake in Prime Group Vietnam

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    January 27, 2016

    Dear   President

    The Stock Exchange of Thailand

    Subject: Additional Investment in Prime Group in Vietnam

    Reference is made to the notification made on April 11, 2013 to the Stock Exchange of Thailand

    (SET) from The Siam Cement Public Company Limited (or “SCC”) that SCG Building Materials

    Company Limited (SCG Building Materials), a 100% owned subsidiary of SCC, entered into a

    Conditional Shares Purchase Agreement and has since acquired an 85% stake in Prime Group Joint

    Stock Company (or “Prime Group”) in Vietnam.

    SCC hereby further announces that its Board of Directors’ Meeting held on January 27, 2016  hasapproved SCG Building Materials to acquire an additional 15% stake, resulting in the full 100%

    stake in Prime Group and related assets in Vietnam. This transaction value is approximately 2,190

    million Baht.

    Prime Group is Vietnam’s leading ceramic tiles manufacturer, with approximate FY 2015 sales of

    8,300 million Baht. Prime Group has production facilities located in the northern and central parts of

    Vietnam.

    This transaction is exempt from the rule of information disclosure concerning the acquisition and

    disposition of assets of listed companies and is not a connected transaction.

    Please be informed accordingly.

    Yours faithfully,

    The Siam Cement Public Company Limited

    - Sign by-

    (Mr. Roongrote Rangsiyopash) 

    President & CEO 

    Translation