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Siam Cement’s packaging arm SCG Packaging Plc (SCGP) has submitted a filing to the Securities and Exchange Commission for a stock listing. 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. 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. In a year in which Covid held back progress on the economic front, the BMA left its mark with several notable landscape development projects. 2 slot of 2020. 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. “The Thai market has lost some allure with few good listings,” said Pornthep Jubandhu, head of investment research at SCB Asset Management. PTT Oil and Retail Business Plc​​​​​​ and food exporter NR Instant Produce Pcl have also secured regulatory approval for shares sales. That is down only slightly from $5.75bn in the same period a year ago. The initial public offering of SCG Packaging Plc, a subsidiary of Siam Cement Plc, will test foreign interest in the Stock Exchange of Thailand. 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 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. - 7 ต.ค.... กันยายน 23, 2020 | By Techsauce Team 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.” SCG Packaging has set the IPO price at THB35.00 a piece, Siam Cement said Thursday. You will get the updates within 24 hours. The plan has been deployed indefinitely till the equity markets stabilise according to Reuters who cited sources familiar with the matter. Foreign funds have withdrawn a near-record net US$8.3 billion from Thai stocks in 2020, with the SET Index’s 19% slide putting it on pace for its biggest annual loss since 2008, according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. If you continue to use this site we will assume that you are happy with it. 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. Experts respond. (scg.com photo) “Major sales by interesting Thai companies are needed to spark the market’s appeal, especially among international investors.”. Ongoing protests calling for the ouster of the government are a potential hurdle, with an event on Saturday attracting tens of thousands of participants. 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. ้อ 28 ก.ย. The two listings collectively accounted for almost half of the total funds raised in Southeast Asia. Covid-19 Propelled Businesses Into the Future. 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. We use cookies to ensure that we give you the best experience on our website. By subscribing, you accept the terms and conditions in our, ©2020 Bangkok Post Public Company Limited, SCG Packaging IPO tests foreign interest in Thai shares. 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. Siam Cement Group Plc expects SCG Packaging Plc to raise as much as 39.5 billion baht in the initial public offering 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. 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). SCGP, a subsidiary of 107-year-old Siam Cement Plc, is seeking as much as 39.5 billion baht to fund expansion and repay debt. 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. SCC’s Board of Directors set the record date on September 11, 2020. “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. Some 59% of its revenue last year was local, with Vietnam and Indonesia the next-largest markets. published : Follow the latest updates of the outbreak on our timeline. Fuller introduces extreme cold resistant adhesives for pharma industry, Berlin Packaging acquires Italian glass packaging company Newpack, Imperial Dade agrees to acquire US supplier Jackson Newell, APCO, Packaging Forum partner for soft plastics recycling, China detects Covid-19 virus on imported fish packaging in Shenyang, Sustainable packaging in the beauty industry: Q&A with Beauty Kitchen, Packaging sustainability through 2020 and 2021 outlook: ProAmpac Q&A, Sustainable packaging still a concern for many amid Covid-19 pandemic, What single-use item should the UK ban next? 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 … 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). Besides Thailand, SCG Packaging operates paper packaging facilities in Vietnam and the Philippines. The par value is set at Bt1 apiece. Originally, SCG Packaging IPO was planned in … Meanwhile, the Covid-19 outbreak has spread to more than 147 countries. The company is yet to officially confirm the move. 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, the parent firm of the packaging company, originally planned to launch the IPO in the first half of this year. Catalyst for tech: new issue of Inside Packaging out now! Effective collaboration for future success. การควบรวมกิจการ Bien Hoa Packaging Joint Stock Company ("SOVI") ในประเทศเวียดนาม 15 ธ.ค. 22 Sep 2020 at 08:15. 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. The initial public offering of SCG Packaging Plc, a subsidiary of Siam Cement Plc, will test foreign interest in the Stock Exchange of Thailand. If the plan advanced, the proceeds received from the IPO would have been used to fund SCG Packaging’s expansion strategy. 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). 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. SCGP’s IPO was approved in May, but the company wavered amid the coronavirus outbreak. Sign up here for GlobalData's free bi-weekly Covid-19 report on the latest information your industry needs to know. “Companies with strong fundamentals and interesting businesses” are a key to getting Thailand “back on the radar.”. However, they did not provide any specific timeframe for the plan to be revived. According to Refinitiv data, regional IPOs have raised $4.71bn this year, excluding SCG Packaging’s proposed listing. Thailand’s Siam Cement Group (SCG) Packaging has postponed its $1bn initial public offering (IPO) as a result of the coronavirus Covid-19 outbreak rattling global financial markets. 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. 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 … Investor presentations for the country’s biggest IPO since March begin Wednesday. Startups Grab's future IPO … อ ซีเมนต์และผลิตภัณฑ์ก่อสร้าง, เคมิคอลส… Health Care Thai medical glove maker raises $482m in IPO to expand production. 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 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.”. * 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. 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. SCG, the parent firm of the packaging company, originally planned to launch the IPO in the first half of this year. Investor presentations for the country’s biggest IPO since March begin Wednesday. Visit our Covid-19 microsite for the latest coronavirus news, analysis and updates. 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. 2563 การเผยแพร่ Roadshow Presentation บนเว็บไซต์ของบริษัท It also has paper packaging and flexible packaging plants in Indonesia, Vietnam and Singapore. 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. 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. 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. 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. While peaceful, more protests will be “a noise” for investors in the long term, SCB Asset’s Pornthep said. Ready or Not. 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 disease, which originated from China, has killed more than 7,900 people globally. Thailand-based packaging solutions provider SCG Packaging has fixed a price range for its initial public offering (IPO) this year. 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