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<a href="http://www.accessmylibrary.com/article-1G1-120294862/siam-cement-group-set.html" title="Facts and information about Siam Cement Group Set to Cut Rising Debt.">Siam Cement Group Set to Cut Rising Debt.</a>
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Siam Cement Group Set to Cut Rising Debt.
Byline: Busrin Treerapongpichit
Aug. 1--Siam Cement Group, the country's largest industrial conglomerate, plans to reduce its consolidated debt to 90 billion baht by 2004 to ease the way for investment in new businesses.
The debt now stands at 139 billion baht, of which 100 billion baht is owed on debentures and 39 billion baht to financial institutions, including two billion baht in foreign debt.
Aviruth Wongbuddhapitak, the company's vice-president, said the group was aiming for a debt to equity ratio of 1.5.
"When we reach the target, we will be ready to invest more in new businesses," he said.
Mr Aviruth said Siam Cement's ...
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Source: HighBeam Research, Siam Cement Group Set to Cut Rising Debt.