Photo Courtesy of Bangkok Post
The IPO of Siam Cement Group’s subsidiary, SCG Chemicals Plc (SCGC), has been delayed due to the adverse economic and investment climate. The parent company, Siam Cement Group (SCG), did not provide a new timeline for the IPO. The extension for IPO approval has been secured until October 4, 2023, but further extension is not possible. Factors such as investor readiness, energy crisis, market conditions, and investor confidence are contributing to the postponement. SCG plans to proceed with the IPO when conditions improve. The proceeds from the IPO would be used for business expansion and working capital.
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