scg packaging ipo

The par value is set at Bt1 apiece. SCG Packaging Public Company Limited ("Company") has conducted business and operated under the Board of Directors' thorough supervision to fulfill its commitment to fair and responsible business conduct toward every stakeholder. Its IPO will oust Sri Trang Gloves (Thailand) Plc, which raised 14.9 billion baht in June, from the No. That is down only slightly from $5.75bn in the same period a year ago. “The Thai market has lost some allure with few good listings,” said Pornthep Jubandhu, head of investment research at SCB Asset Management. Samut Sakhon: Workers were Sunday racing against time to transform the provincial stadium in Muang district into a field hospital with a capacity of 540 beds. While China and Hong Kong held mega IPOs for companies including Semiconductor Manufacturing International Corp and JD.Com this year, Thailand has lagged behind. A fresh round of Covid-19 infections in Samut Sakhon province, home to many migrant workers in the fishery industry, sent shivers down the spine of many locals and businesses. The two listings collectively accounted for almost half of the total funds raised in Southeast Asia. SCG Packaging has set the IPO price at THB35.00 a piece, Siam Cement said Thursday. Effective collaboration for future success. The disease, which originated from China, has killed more than 7,900 people globally. อ ซีเมนต์และผลิตภัณฑ์ก่อสร้าง, เคมิคอลส… Kelso acquires majority interest in rigid container provider Inmark, Mill Point Capital divests packaging solutions provider Huntington Solutions, Vietnam and WEF’s Global Plastic Action Partnership to tackle plastic waste. Taking the top two spots on the region’s leaderboard this year are Thailand's Central Retail Corporation Public Co Ltd and SCG Packaging Public Co Ltd with $1.77 billion and $ 1.27 billion raised, respectively. The surge reportedly resulted from the announcement of its subsidiary SCG Packaging PCL (SCGP)’s Initial Public Offering (IPO) subscription which amounted to 169 million shares to SCC’s shareholders – a ratio of 7.095 per 1 (Pre-emptive Rights). SCGP will make an initial public offering of no more than 1.374 billion. PTT Oil and Retail Business Plc​​​​​​ and food exporter NR Instant Produce Pcl have also secured regulatory approval for shares sales. SCG Packaging, a subsidiary of 107-year-old Siam Cement Pcl, is seeking as much as 39.5 billion baht ($1.27 billion) to fund expansion and repay … Sign up here for GlobalData's free bi-weekly Covid-19 report on the latest information your industry needs to know. If the plan advanced, the proceeds received from the IPO would have been used to fund SCG Packaging’s expansion strategy. SCG Packaging is set to begin investor presentations for its up to Bt39.5bn ($1.26bn) IPO, which will be Thailand’s second largest listing in 2020. Thank you for subscribing our enewsletter. Thailand-based packaging solutions provider SCG Packaging has fixed a price range for its initial public offering (IPO) this year. (Bloomberg) -- SCG Packaging Pcl, Thailand’s biggest packaging company, plans to raise as much as 39.5 billion baht ($1.27 billion) in Thailand’s second-largest initial public offering this year, as the nation set to join the revival of new Asian listings. A SCG spokesperson told the news agency: “With travel restrictions, volatile financial markets, and the Covid-19 measures, SCG Packaging continues to monitor the IPO timeline.” SCC’s Board of Directors set the record date on September 11, 2020. Originally, SCG Packaging IPO was planned in … In October last year, SCG announced plans that it will float 30% stake of the packaging business and will continue to hold the remaining majority stake. The company is yet to officially confirm the move. Some 59% of its revenue last year was local, with Vietnam and Indonesia the next-largest markets. SCG Packaging will sell up to 1.3 billion shares or nearly 30% of the total shares in the company at 35 baht per share, raising as much as 45.5 billion baht ($1.46 billion), the sources said. SCG Packaging Pcl, Thailand’s biggest packaging company, plans to raise as much as 39.5 billion baht ($1.27 billion) in the nation’s second-largest initial public offering this year. Thailand's SCG Packaging set to raise $1.5bn in IPO. We use cookies to ensure that we give you the best experience on our website. Investor presentations for the country’s biggest IPO since March begin Wednesday. Although nine Thai companies have raised 101 billion baht in IPOs this year, according to the Stock Exchange of Thailand, more than 70% of that came from Central Retail Corp’s sale in February. Catalyst for tech: new issue of Inside Packaging out now! The SCG Packaging float was to have been the second largest capital markets deal in Thailand this year, following Central Retail's February IPO which raised $2.5 billion. Meanwhile, the Covid-19 outbreak has spread to more than 147 countries. You will get the updates within 24 hours. The share sale by a unit of Thailand’s oldest conglomerate is set to test investors’ interest in Southeast Asia’s second-largest economy, as SCG Packaging Plc (SCGP) rolls out its long-delayed initial public offering. SCG, the parent firm of the packaging company, originally planned to launch the IPO in the first half of this year. * SCG Packaging prices IPO at 35 baht, top of range * Company set to raise $1.5 billion * First trading day on Oct 22 BANGKOK, Oct 8 (Reuters) - Thailand's Siam Cement Group Packaging PCL (SCGP) priced shares in its initial public offering (IPO) at the top end of an indicated range, in the country's second-biggest listing this year that could raise up to $1.5 billion. 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