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Thai Cement Firm to Take Over Personal Loan Guarantee in Indebted Rival.
Jun. 4--Siam City Cement Plc, a local affiliate of Holcim of Switzerland, has agreed to take over a personal loan guarantee in TPI Polene, pledged by the latter's chief executive, Prachai Leophairatana.
The move paves the way for Siam City Cement (SCCC) to acquire indebted TPI Polene, the country's third-biggest cement producer, in which it wants a 77 percent stake.
Siam City Cement had agreed to take over the guarantee by proposing two options, said Kasemsit Pathomsak, the country director, investment banking, of CLSA International Ltd, TPI Polene's adviser.
First, Siam City Cement would assume the full obligation immediately, but under this ...
- TPI Polene's stock sinks on sale news.
- News wire article from: Australasian Business Intelligence February 27, 2002 700+ words
...COMTEX) -- Siam City Cement will become...majority stake in TPI Polene. The leading...Wiederaufbau. Siam City Cement is a member...share price of TPI Polene decreased by...is $US375m. TPI POLENE PCL: SIAM CITY CEMENT PCL: CHANTHABURI...
- TPI Polene creditors approve Siam City's takeover offer.
- News wire article from: Australasian Business Intelligence May 29, 2002 700+ words
...COMTEX) -- Shares in TPI Polene are sought by Siam City Cement. An in-principle agreement...means that the debt of TPI Polene will fall to $US530m...Publication Date: 24 May 2002 TPI POLENE PCL: SIAM CITY CEMENT PCL: CLSA: HOLCIM...
- TPI Polene posts rebound to profit on revenue gain.
- News wire article from: Australasian Business Intelligence March 3, 2002 700+ words
...cement manufacturer. TPI Polene is the subject of...takeover offer from Siam City Cement, which is also based...recorded for the year. TPI Polene sold an interest...Caprolactam in that year. TPI POLENE PCL: SIAM CITY CEMENT PCL: THAI CAPTOLACTAM...
- TPI Polene swings to profit.
- News wire article from: Australasian Business Intelligence July 30, 2002 700+ words
...billion baht. In February 2002, Siam City Cement, Thailand's second-biggest...acquired a 77 per cent stake in TPI Polene from its parent company, Thai Petrochemical...INDUSTRY COMPANY LIMITED: SIAM CITY CEMENT PCL: HOLCIM LIMITED: KREDITANSTALT...
- TPI Polene creditors likely will support sale.
- News wire article from: Australasian Business Intelligence March 12, 2002 700+ words
...via COMTEX) -- Siam City Cement has a takeover offer in play for TPI Polene, a fellow member of...the takeover. Siam City Cement is owned by Holcim in Switzerland. SIAM CITY CEMENT PCL: TPI POLENE PCL: KREDITANSTALT...
- Thailand's TPI Polene Hints at Bond Issue to Follow Share Offering.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) January 13, 2004 700+ words
...accrued interest owed by TPI Polene to Siam City Bank through...earlier been pushing for TPI Polene to sell off a 75 percent...375 million to Siam City Cement, a unit of Holcim of...million," he said. TPI Polene shares have been suspended...
- TPI Polene Creditors Demand Evidence of Backup from Thai Bank.
- Newspaper article from: Knight Ridder/Tribune Business News July 31, 2003 700+ words
...instalments. "The debtor (TPI Polene) has realised what our...haircut' proposed by Siam City Cement and it will be used to...proposal," he said. Siam City Cement had proposed to ac...a 77 percent stake in TPI Polene by investing US$375...
- Asset Overhaul Will Tidy Up Books at Thai Petrochemical Industry, TPI Polene.
- Newspaper article from: Knight Ridder/Tribune Business News August 21, 2003 700+ words
...Industry Plc (TPI) and TPI Polene Plc will be restructured...financial package to support TPI Polene without haircut condition...its local unit Siam City Cement, also did not involve...construction sectors. TPI Polene shares closed yesterday...