Asahi Glass to Sell Entire Shares of Thai Plastic and Chemicals Public Company

Asahi Glass Company, Limited (“Asahi”) announced today that it has reached agreements with CPB Equity Company, Limited (“CPBE”) and Siam Cement Public Company, Limited (“SCC”) to sell the entire shares of the Thai Plastic and Chemicals Public Company, Limited (“TPC”) held by Thasco Chemical Company, Limited, a subsidiary of Asahi.

The number of shares to be sold is 21,875,075 shares which is equivalent to 25% of the issued shares of TPC. The selling price will be 180 baht per share and the total sales amount will reach approximately 3,938 million baht.

The decision to sell the TPC shares was made aiming at more efficient utilization of the assets owned by Asahi. CPBE will purchase 13 million shares (about 15% of the outstanding shares of TPC) and SCC will purchase 8,875,075 shares (about 10% of the outstanding shares of TPC).

For further information, please contact Shinichi Kawakami, General Manager, Corporate Communications Division, Asahi Glass Co., Ltd.

600450 Asahi Glass to Sell Entire Shares of Thai Plastic and Chemicals Public Company
Date: 18 June 2004
Source: Asahi Glass

See more news about:

Others also read

The glass sector has the increasingly widespread requirement of having an unlimited catalogue of parametric shapes and creating new ones in a simple way without being an expert in the field.
Glass Confusion is starting the New Year with Beginning Fused Glass group classes. The three-week course will be held Wednesdays from 10 a.m. to 1 p.m. and again from 5 p.m. to 9 p.m.
Shoaib Akhtar is going to be back on Indian TV screens. He is going to be featured in the new TV ad campaign for Asahi Glass.
Worldwide glass-substrate capacity is expected to continue to grow more than 40% each quarter through 2005, as a result of capacity expansion by existing glass-substrate suppliers and new companies joining the market, according to DisplaySearch.
Western Pennsylvania’s once-thriving glassmaking industry is dwindling, as did the domestic steel industry and for many of the same reasons: competition and cost.
Christmas got a little bluer for the local glass industry this week with the closure of yet another plant.

Add new comment