Thailand's Siam Cement Pcl's (SCG) packaging subsidiary is planning a ...
) packaging subsidiary is planning a local listing, in a float that is set to raise about $1 billion, two sources with knowledge of the matter said.
The IPO of SCG Packaging Pcl , which could be announced as early as this week, is aimed at independently beefing up the company’s funding needs as it charts out a regional expansion strategy, they said. SCG Packaging is the holding company for the packaging, packaging paper, forestry, pulp and paper business of the country’s largest industrial conglomerate.
SCG Packaging’s planned IPO comes at a time of renewed investor interest in Thai IPOs, supported by growth expectations in the country and the potential for expansion in Southeast Asia.
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