Bangkok--12 Jun--Sahaviriya Steel
Sahaviriya Steel Industries Public Company Limited (SSI), the largest fully-integrated producer of steel sheet in ASEAN, recently held Extraordinary General Meeting of Shareholders 1/2012 chaired by Mr. Wit Viriyaprapaikit, Chairman of the Board of Directors, at Grand Ballroom, Thai CC Tower, Bangkok on 8 June 2012. Shareholders considered and approved the increase of the company’s registered capital via a general mandate by offering through Right Offering (RO) and Private Placement (PP) schemes. This will provide flexibility in fund raising and strengthen the Company’s capital structure to cope with volatile market, the potential adverse impact of financial crisis in Europe and Chinese economic slowdown. Other than the offering via a general mandate which will be subject to market condition, sales of new SSI UK shares to potential strategic partners is also being considered on their suitability and benefit to the Company.