Though Thailand’s economy is forecast to shrink 8.5% this year, growth in e-commerce and food-delivery due to the pandemic have driven demand for SCGP’s products. SCG, the parent firm of the packaging company, originally planned to launch the IPO in the first half of this year. SCG Packaging on Thursday priced shares at 35 baht ($1.12) each, or at the top end of an indicated range, people close to the IPO told the Financial Times. SCG Packaging’s IPO was approved in May but the company later had said it was unsure about the timing amid the spread of the virus. Sign up here for GlobalData's free bi-weekly Covid-19 report on the latest information your industry needs to know. 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. Siam Cement Group Plc expects SCG Packaging Plc to raise as much as 39.5 billion baht in the initial public offering this year. We use cookies to ensure that we give you the best experience on our website. Thailand's SCG Packaging set to raise $1.5bn in IPO. 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. * 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. 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. Thailand’s SCG Packaging has postponed its $1bn initial public offering (IPO) as a result of the coronavirus Covid-19 outbreak rattling global financial markets. 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. Thailand's SCG Packaging set to raise $1.5 bln after top-of-range IPO pricing Back to video SCGP is selling up to 1.3 billion shares, or nearly 30% of the total shares in the company, including an overallotment portion to raise as much as 45.4 billion baht ($1.46 billion). Investor presentations for the country’s biggest IPO since March begin Wednesday. However, they did not provide any specific timeframe for the plan to be revived. Catalyst for tech: new issue of Inside Packaging out now! “Major sales by interesting Thai companies are needed to spark the market’s appeal, especially among international investors.”. The plan has been deployed indefinitely till the equity markets stabilise according to Reuters who cited sources familiar with the matter. If the plan advanced, the proceeds received from the IPO would have been used to fund SCG Packaging’s expansion strategy. Investor presentations for the country’s biggest IPO since March begin Wednesday. Top ten packaging equipment manufacturing companies, Packaging trends: Labelling leads Twitter mentions in Q3 2020, Faerch to bolster European packaging footprint with acquisitions, Packaging industry M&A deals in Q2 2020 total $195.86m globally, H.B. Health Care Thai medical glove maker raises $482m in IPO to expand production. 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.”. Share Purchase Agreement to acquire Go-Pak UK Limited of SCG Packaging Public Company Limited: Detail: 03 Nov 2020 08:30 SCC: Disclosure of the Roadshow Presentation on the Company's Website: Detail: 29 Oct 2020 17:05 SCG Packaging is planning to sell 1.13 billion shares and is guiding to sell each share for THB33.50-THB35.00, the company said in a filing to the country's stock exchange on Monday. - 7 ต.ค.... กันยายน 23, 2020 | By Techsauce Team “Many international investors expressed interest in Thai companies during our virtual conference last month,” said Manpong Senanarong, SET’s head of the Issuer and Listing Division. 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. The number of confirmed coronavirus cases also crossed 198,000. SCGP will make an initial public offering of no more than 1.374 billion. Experts respond. 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. Its IPO will oust Sri Trang Gloves (Thailand) Plc, which raised 14.9 billion baht in June, from the No. SCG, the parent firm of the packaging company, originally planned to launch the IPO in the first half of this year. Foreign funds have withdrawn a near-record net US$8.3 billion from Thai stocks in 2020, with the SET Index’s 19% slide putting it on pace for its biggest annual loss since 2008, according to data compiled by Bloomberg. การควบรวมกิจการ Bien Hoa Packaging Joint Stock Company ("SOVI") ในประเทศเวียดนาม 15 ธ.ค. 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. 2563 การเผยแพร่ Roadshow Presentation บนเว็บไซต์ของบริษัท Some 59% of its revenue last year was local, with Vietnam and Indonesia the next-largest markets. Siam Cement’s packaging arm SCG Packaging Plc (SCGP) has submitted a filing to the Securities and Exchange Commission for a stock listing. “Companies with strong fundamentals and interesting businesses” are a key to getting Thailand “back on the radar.”. The company is yet to officially confirm the move. 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. 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). Effective collaboration for future success. 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. In a year in which Covid held back progress on the economic front, the BMA left its mark with several notable landscape development projects. SCG accelerates growth of its Packaging Business with IPO SCG announces its growth strategy to accelerate the increase in the capabilities of its Packaging Business with an up to 30% equity raising, through an initial public offering (IPO) and listing on the Stock Exchange of … (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. SCG Packaging, a subsidiary of 107-year-old Siam Cement Pcl, is seeking as much as 39.5 billion baht (US$1.27 billion) to fund expansion and repay debt. published : The two listings collectively accounted for almost half of the total funds raised in Southeast Asia. 22 Sep 2020 at 08:15. “The Thai market has lost some allure with few good listings,” said Pornthep Jubandhu, head of investment research at SCB Asset Management. You will get the updates within 24 hours. SCGP’s IPO was approved in May, but the company wavered amid the coronavirus outbreak. 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 … Besides Thailand, SCG Packaging operates paper packaging facilities in Vietnam and the Philippines. (scg.com photo) SCG Packaging has set the IPO price at THB35.00 a piece, Siam Cement said Thursday. The initial public offering of SCG Packaging Plc, a subsidiary of Siam Cement Plc, will test foreign interest in the Stock Exchange of Thailand. The par value is set at Bt1 apiece. The disease, which originated from China, has killed more than 7,900 people globally. Originally, SCG Packaging IPO was planned in … According to Refinitiv data, regional IPOs have raised $4.71bn this year, excluding SCG Packaging’s proposed listing. ้อ 28 ก.ย. Thailand-based packaging solutions provider SCG Packaging has fixed a price range for its initial public offering (IPO) this year. The price of SCG Packaging (SCGP) shares on the first day of trading on Thursday rose to Bt37 per share, up 5.71 per cent from its initial public offering (IPO) price of Bt35, with the company seeing total transactions of Bt6.26 billion. Sustainable Packaging Solutions and Flexible Intermediate Bulk Containers (FIBCs), Sustainable Packaging Paper and Board for Multiple Applications, India’s Largest Multinational Flexible Packaging Materials and Solution Company, 18 March 2020 (Last Updated March 20th, 2020 14:37).
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