SKTY and BOC Gas Australia now jointly own 99% of the distributed registered capital of Thai Industrial Gas Plc (TIG) and plan to delist TIG from the Stock Exchange of Thailand (SET), according to a r…
SKTY and BOC Gas Australia now jointly own 99% of the distributed registered capital of Thai Industrial Gas Plc (TIG) and plan to delist TIG from the Stock Exchange of Thailand (SET), according to a report in Manager Daily, July 31, 2001. SKTY, BOC Gas Australia“s 49% owned unit previously held the stake of 45.44% in TIG and BOC Gas Australia had 47.04%. SKTY had made a tender offer to buy additional common shares from existing shareholders, which include Siam Cement Plc (SCC), Siam Commercial Bank Plc (SCB) and Ladawan Capital Co, at THB 34 a share, for around THB 265 million. Presently, both of the parties are preparing to delist TIG from the stock exchange. TIG posted a net profit of THB 74.90 million for the second quarter of the year, ended on March 31, 2001, up from THB 58.46 million in the same period last year. Positive earnings per share increased to THB 0.72 from THB 0.56.