Siam Cement Divests Stake in Mariwasa Siam

Bangkok—(PHStocks)—The Siam Cement Public Company Limited (SCC) has announced that following the restructuring of its ceramics operations in the Philippines on 14 September 2012, SCC and its subsidiary will be divesting their stake in Mariwasa Siam Holdings Inc. (PSE: MMI), SCC’s associate, which is a holding company with no assets.

Pursuant to the restructuring, SCC’s stake valued at approximately 22 million baht or PhP30 million, 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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