Board gives Selic the nod to buy PMC Group

Corporate October 22, 2018 17:11

By The Nation

Selic Corp’s board has approved the plan to take a 100-per-cent stake in PMC Group for around Bt1 billion, chief executive officer Ek Suwatthanaphim said on Monday.



Up to Bt945 million of the amount will be spent on purchasing a major stake in PMC Label Materials, which is registered in Thailand, and Bt105 million on buying a major stake in Singapore-registered PMC Label Materials.

“The investment will boost the company’s [Selic’s] business growth in the long term,” the listed company’s CEO said.