Siam Cement packaging subsidiary given green light for IPO

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Siam Cement packaging subsidiary given green light for IPO

By THE NATION

 

 

Siam Cement’s packaging arm, SCG Packaging Plc (SCGP), has been given approval by the Securities and Exchange Commission to launch its initial public offering on the Stock Exchange of Thailand (SET).

 

 

News of the green light for the IPO was confirmed today (May 29) in Siam Cement's filing to the SET.

 

SCGP, along with its financial adviser and joint lead underwriters, are now assessing current conditions, including macro-economic trends, money markets and equity capital markets, as well as the confidence level of both Thai and international investors. The date of the IPO will be set accordingly.

 

Source: https://www.nationthailand.com/business/30388744

 

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[Burma Bill]

Interesting, and for reference from wikipedia:-

 

The Siam Cement Group Public Company Limited (SCG; SET: SCC) is the largest and oldest cement and building material company in Thailand and Southeast Asia. ... SCG was founded to set up the first cement plant in Bangkok, Thailand by a royal decree of King Rama VI (Vajiravudh) in 1913.