The Ratanarak Group has increased its stake in Siam City Cement to 71.88 per cent by buying out Singapore-based Jardine Cycle and Carriage’s 25.54 per cent stake.
The value of the transaction, carried out via Ratanarak’s subsidiary Sunrise Equity, is THB12.18bn (US$353.97m).
Afrimat posts 37% revenue rise, but cement segment incurs losses
Afrimat recorded a group revenue rise of 36.7 per cent to ZAR8.3bn (US$454.6m) for the year e...