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United States-Based Kohler to Buy Major Stake in Thai Sanitaryware Company.
Jul. 4--Major shareholders of Karat Sanitaryware Plc have agreed to sell an 80.7 percent stake in the company to United States-based Kohler Co at 40.11 baht per share.
Karat, one of the largest sanitaryware makers in Asia, said the decision to sell 38 million shares to the international manufacturer of kitchen and bathroom products, as well as home furnishings, was made on Tuesday.
Those shedding their holdings include Somkiart Limsong, a former chief executive of Siam City Cement Plc, who is selling 11.8 million shares, 24.9 percent of total, to Kohler.
Karat said in statement to the Stock Exchange of Thailand that Kohler had received ...
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...Nuntawun Polkuamdee Jul. 11--Siam City Cement, the country's second-largest cement...99 million baht. To see more of the Bangkok Post, or to subscribe to the newspaper...bangkokpost.com. Copyright (c) 2007, Bangkok Post, Thailand Distributed by McClatchy...
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Bangkok Post, Thailand Knight Ridder/Tribune Business...percent next year. To see more of the Bangkok Post, or to subscribe to the newspaper...www.bangkokpost.com. (c) 2004, Bangkok Post, Thailand. Distributed by Knight Ridder...
Source: HighBeam Research, United States-Based Kohler to Buy Major Stake in Thai Sanitaryware...