Asset Acquisitions and Disposals::Increase in Shareholding in Siam City Cement Public Company Limited
Issuer & Securities
JARDINE CYCLE & CARRIAGE LIMITED
JARDINE CYCLE & CARRIAGE LTD - SG1B51001017 - C07
Asset Acquisitions and Disposals
Date &Time of Broadcast
Announcement Sub Title
Increase in Shareholding in Siam City Cement Public Company Limited
Submitted By (Co./ Ind. Name)
Jeffery Tan Eng Heong
Description (Please provide a detailed description of the event in the box below)
Jardine Cycle & Carriage Limited ("JC&C") wishes to announce that it has acquired 229,900 ordinary shares in the capital of Siam City Cement Public Company Limited ("SCCC") by way of open market purchases, for an aggregate cash consideration of THB63m (approximately US$1.8m).
The additional shares have increased JC&C's shareholding in SCCC from 24.90% to 24.99%. The transaction is not expected to have a material effect on JC&C's net tangible assets or earnings per share for the financial year ended 31st December 2016.