Siam Cement packaging subsidiary given green light for IPO
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.
