Thu, March 27, 2008 : Last updated 19:59 hours
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ACQUISITION
TGCI approached for share sale
Thai-German Ceramic Industry Plc on Thursday asked the Stock Exchange of Thailand to suspend its share trading today, following the major change in its shareholding structure.
TGCI said that an investor approached the company for the purchase of 196.2 million shares or 19.9 per cent from Siam City Bank. The shares were determined to be sold to TGCI or persons designated by the company, under a debt restructuring deal.
Meanwhile, a major shareholder also informed the company that the investor also approached him for the purchase of 256.4 million shares or 26 per cent.
TGCI's board of directors are in the meeting today, to consider the proposal.
- The Nation
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