MCS Steel Non-Voting DR T.MST.UN

Primary Symbol: MSTUF

M.C.S. Steel Public Company Limited is a Thailand-based steel fabricating company. The principal activities of the Company and its subsidiaries are production and distribution of structural steel products for building construction, and residential development projects for sale. It is a large steel structure manufacturer, especially steel beams and columns for the construction of large high-rise buildings such as office buildings, hotels, shopping malls, and others. There are two types of steel structures produced by the Company: the steel structure used as a column-box and the steel structure used as beams, which are important components of the building. Its subsidiaries include Tanaka Welding Center Co., Ltd., which is focused on welder training and real estate; M.C.S.-Japan Co., Ltd., which is engaged in the design and production of structural steel products; and M.C.S. Steel-Xiamen Co., Ltd., which is engaged in the production and distribution of structural steel products.

GREY:MSTUF - Post by User

MCS Steel Non-Voting DR > Offering

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Comment by themangokidon Mar 23, 2016 12:15pm

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Post# 24693085

RE:Offering

Hasn't this been their long-term previously stated strategy?

I would prefer the parent company keep their shares, however, from what I understand, its quite common for these parent companies to sell part of their public assets and use those funds to acquire private assets that sell at a discount to public properties.

Was it not MileSouth that took MileStone public in the first place? By your rationale, MileSouth should have never taken MileStone public in the first place and let their 100% ownership just ride.

Best of luck.

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