TFEX

14 Aug 2024 08:48

Notification of the Tender Offer Schedule(Form 69/247-1)

Product STEC Source STEC
Full Detailed News
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). ______________________________________________________________________ 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 has no responsibility for the correctness 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.