Equities

Reuters exclusively reports Siam Cement’s packaging unit set for $1 billion IPO

Reuters exclusively reports Siam Cement’s packaging unit set for $1 billion IPO

Reuters reported exclusively that Siam Cement Pcl’s (SCG) packaging subsidiary is planning a local listing that is likely to raise about $1 billion. The IPO of SCG Packaging Pcl is aimed at independently beefing up the company’s funding needs as it charts out a regional expansion strategy. SCG Packaging is the holding company for the packaging, packaging paper, forestry, pulp and paper business of Thailand’s largest industrial conglomerate.