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| SCC sells stake in PTTCH The Siam Cement Public Company (SCC) hereby announces that SCC will sell 236,000,000 shares, or approximately 15.59% in PTT Chemical Public Company (PTTCH) at 140 baht per share to both local and international investors on The Stock Exchange of Thailand. The value of this transaction is approximately 33,000 million baht, and SCC is expected to book a non-recurring net profit after tax of approximately 8,800 million baht in Q4 of 2010. This sale will enhance SCC's ability to pursue both regional and domestic business expansion in its core businesses. Following this transaction, SCC will have a remaining 66,999,927 shares, representing 4.42% of PTTCH's share capital. write your comments about the article :: © 2010 Construction News :: home page |