Don't be alarmed! SET explains that “foreign” sales are inflated due to the large amount of SCCC, but the actual net purchase amount is 1.69 billion.

The Stock Exchange of Thailand (SET) revealed that the Thai stock market closed today (Aug 19, 2024) at 1,323.38 points, up 20.38 points or 1.56% with a trading value of 62,358.60 million baht, with the SET index supported. The second quarter GDP figures came in better than expected. Including the political situation which is clearer. Investors should follow the information. Among them are important economic figures

Trading according to investor groups today Foreign investors made net sales of 10,486.55 million baht, including large transactions in stocksSiam City Cement Public Company Limited or SCCC A total of 76,107,368 shares with a total value of 12,177.18 million baht, a shareholding structure between the shareholders groups of Sunrise Equity Co., Ltd., which is the major shareholder. The company's shares were acquired from Jardine Cycle & Carriage Limited.

As a result, the ownership structure of the bidder and the bidder group will be changed to own shares in the company with a percentage of approximately 71.88 percent of the total voting rights in the company. As a result, the bidder is required to make a tender offer for all the remaining securities of the company, and the SCCC has notified the Stock Exchange of Thailand. Regarding the receipt of the announcement of intention to acquire securities to take over the business and changes in the shareholder structure

However, if these items are not included, net foreign investors bought 1,690.63 million baht.

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