Tender Offer
Subject : Tender offer
Listed company subject to tender offer : SINO-THAI ENGINEERING AND
CONSTRUCTION PUBLIC CO.,LTD. (STEC)
Offeror :
Stecon Group Public Company Limited
Tender offer period : From 19-Aug-2024 to 21-Oct-2024
Offer price
Common shares (baht per share) : 0.00
Net price
Common shares (baht per share) : 0.00
Tender offer : For delisting
Tender Offer Agent : DAOL Securities (Thailand) Public
Company Limited
Remark : According to the Shareholding and
Management Restructuring Plan of Sino-Thai Engineering and Construction Public
Company Limited ("STEC"), STEC has completed the incorporation of Stecon Group
Public Company Limited (the "Offeror" or "The Company"), which will issue and
offer for sale of the newly issued securities of the Company together with
making a tender offer for the existing securities of STEC in exchange for the
same type of securities of the Company, at the swap ratio of 1:1, which in this
case means 1 newly issued ordinary share of the Company per 1 ordinary share of
STEC.
After the completion of the tender offer and the Company meet the criteria for
listing of ordinary shares as listed securities, the ordinary shares of the
Company will become listed securities on the Stock Exchange of Thailand (the
"SET") in place of the ordinary shares of STEC which will be delisted from the
SET on the same day.
Payment Date
Within 7 business days from the last day of the tender offer period (scripless)
and within 15 business days from the last day of the tender offer period
(script), whereby, the Offeree can choose the method of payment as detailed in
the registration statement for securities offering together with tender offer
for the securities (Form 69/247-1).
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of the information and related documents of listed company or issuer to the
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clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.
This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand and Thailand Futures Exchange Pcl. have no responsibility for the accuracy and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.