GUADALAJARA and JALISCO, Mexico, Jan. 7 /PRNewswire-FirstCall/ -- Grupo
Simec, S.A.B de C.V. (AMEX: SIM) (Simec), a subsidiary of Industrias CH, S.A.B
de C.V. (ICH), today announced that according to the recent modifications to
the existing income tax laws in effect regarding the management of fiscal
consolidation applicable to controlled companies, the effect on deferred
Income Tax by fiscal losses has not had an effect on cash flow because Simec
is a subsidiary company and not a holding company for tax purposes.
SOURCE Grupo Simec, S.A.B de C.V.