The Siam Cement Public Company Limited (SET: SCC) has informed the Stock Exchange of Thailand that SCG Chemicals Public Company Limited (SCGC), a wholly owned subsidiary of SCC, has sold the shares of PT Chandra Asri Pacific Tbk (CAP) through the Main Board and Big-Lot Board in the Indonesia Stock Exchange (IDX) at approximately 14.86% during early June 2026 with the total proceeds amounted to approximately THB 24,900 million.
Upon completion of the transaction, the transaction will be recognized in the statement of financial position in accordance with relevant accounting standards, with no impact on SCC’s income statement.
Given that the volume of CAP shares to be divested is substantial relative to the trading liquidity on IDX as well as prevailing conditions in Indonesia’s capital market, SCGC has continuously undertaken efforts to sell its CAP shares.
In this regard, SCGC has sought advice from financial advisors and has engaged the leading independent valuation firms to provide recommendations on appropriate approaches and price ranges to maximize SCGC’s benefit. In addition, SCGC has appointed securities brokers to identify the interested investors for its shares.
Accordingly, when the market conditions were appropriate, SCGC commenced the gradual sale of CAP shares on the IDX, as previously reported above.
Upon completion of this transaction, SCGC will retain an approximately 15.71% of shareholding in CAP, which will remain classified as “Other Investments”. The divestment of CAP shares is aligned with SCGC’s strategic focus on deleveraging and reallocating capital toward core growth business, such as the Long Son Petrochemicals Ethane feedstock enhancement project in Vietnam and others.
