SCC Sets SCGP’s IPO Price Range of ฿33.5 – ฿35.0 per Share

The Siam Cement Public Company Limited (SCC) announced regarding the listing of the shares of SCG Packaging Public Company Limited (SCGP), a subsidiary of the Company, on the Stock Exchange of Thailand, that the registration statement and draft prospectus of SCGP became effective on 21 September 2020, whereby the preliminary price range is Baht 33.50-35.00 per share. 

SCGP will allocate up to 1,127,550,000 newly issued ordinary shares with a par value of Baht 1 per share in its IPO; and will allocate up to 169,130,000 newly issued ordinary shares with a par value of Baht 1 per share to the Over-Allotment Agent, which is not more than 15% of the total number of the newly issued ordinary shares in this offering and accounts for approximately 3.8% of total number of SCGP’s issued and paid-up ordinary shares after this offering of newly issued ordinary shares.