Enhanced Investments - Financial Portal

Grupo Simec Files a Form 20-F/A for the 2021 Financial Year

Published: 2023-03-17 20:27:00 ET

GUADALAJARA, Mexico, March 17, 2023 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE American: SIM) (the "Company") on March 17, 2023 filed an Amendment No. 1 to the Annual Report on Form 20-F for the year ended December 31, 2021, dated as of May 18, 2022, with the U.S. Securities and Exchange Commission at www.sec.gov (the "Form 20-F/A"). The Company filed the Form 20-F/A solely to amend a risk factor relating to weaknesses in internal controls by removing an inadvertent reference to a material weakness in 2019 and including a cross-reference to Item 8. "Financial Information—Legal Proceedings." The Form 20-F/A also is available on the investor relations section of the Company's website at https://gsimec.com.mx/sec-filings.php. Shareholders may request a hard copy of the Form 20-F/A, free of charge, by contacting the Company's Finance coordinator, Mario Moreno Cortez, by email at mmoreno@gruposimec.com.mx.

About Grupo Simec

Grupo Simec is a diversified manufacturer, processor and distributor of SBQ steel and structural steel products with production and commercial operations in the United States, Mexico and Brazil. Grupo Simec is also an important producer of structural and light structural steel products in Mexico in terms of sales volume. Grupo Simec's SBQ products are used across a broad range of highly engineered end-user applications, including axles, hubs and crankshafts for automobiles and light trucks, machine tools and off-highway equipment. Its structural steel products are mainly used in the non-residential construction market and other construction applications.

Contact:

Mario Moreno Cortez

Grupo Simec, S.A.B. de C.V.

Calzada Lázaro Cárdenas 601

44440 Guadalajara, Jalisco, Mexico

+52 333 770 6700

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SOURCE Grupo Simec, S.A.B. de C.V.

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.