SCG supports the rising star, its packaging business, to submit its registration statement and draft prospectus with the Thai SEC for initial public offering (IPO), enhancing its integrated packaging solution leadership in Southeast Asia

Event Calendar Press Releases Wednesday December 18, 2019 08:08
Bangkok--18 Dec--SCG

SCG Packaging Public Company ("SCGP"); has submitted its registration statement and draft prospectus to the Office of the Securities and Exchange Commission of Thailand (the "Thai SEC") in connection with its contemplated initial public offering ("IPO") and listing of its ordinary shares on the Stock Exchange of Thailand in an amount not exceeding 30.0% of the paid-up capital of SCGP after its completion of the initial public offering, in which SCG will continue to be a major shareholder in SCGP. SCGP is the rising star of SCG and a leader in the fully integrated packaging business that provides quality packaging and various services and develops innovative solutions responding to the needs of every group of customers and corresponding to the consumer growth of Southeast Asia and other regions.

Mr. Roongrote Rangsiyopash, President and CEO of SCG, revealed that SCGP has already submitted a registration statement and draft prospectus in connection with its contemplated IPO and listing its ordinary shares on the Stock Exchange of Thailand to the Thai SEC, giving people the opportunity to invest in a packaging business with potential growth. Under the IPO plan, SCGP will issue and offer no more than 1,374,000,000 ordinary shares, such shares will be allocated as follows: (1) up to 1,194,800,000 newly issued ordinary shares in connection, representing up to 27.7% of the total issued shares of SCGP after the offering of newly issued ordinary shares (not including the number of newly issued ordinary shares of SCGP set aside for the subscription by the Over-Allotment Agent in case of exercise of an over-allotment option), and (2) up to 179,200,000 over-allotment shares, representing up to 15.0% of the total number of shares issued and offered for sale in the IPO.

The number of newly issued ordinary shares in the IPO will not exceed 30.0% of SCGP's paid-up capital after completion of the IPO and SCG will continue to be the major shareholder of SCGP, holding not less than 70.0% of the paid-up capital of SCGP after completion of the IPO. This will be a great opportunity for SCG to benefit from the operations of SCGP which is expected to create value from potential growth in the future.

"SCGP initially aims to use the proceeds from capital raised from the initial public offering (IPO) in investing in business expansion by expanding the production capacity of SCGP, mergers and acquisitions, loans repayment, and working capital for the operation of the business. SCGP plans to expand its investment in both domestic and international markets to support the growth of the packaging market, specifically in Southeast Asia which has had high growth rates in the areas of consumer products packaging, food service products, and products traded through E-commerce. In this regard, SCG will provide updates on any further progress of SCGP's IPO plan" said Mr. Roongrote.

SCGP operates as a fully integrated packaging business in Southeast Asia. It is one of SCG's growing businesses through discretionary and successful mergers and acquisitions. In 2019, SCGP acquired PT. Fajar Surya Wisesa Tbk. in Indonesia and Visy Packaging (Thailand) Limited in Thailand, with an aggregate investment value of over THB 25,000 million. SCGP's wide consumer base is expanding due to, among others, increased consumer demand in Thailand, Vietnam, Indonesia, Philippines, Malaysia, and other countries in and outside Southeast Asia. In addition, SCGP has developed innovative multi-materials packaging products, both paper and polymer, that enable it to offer integrated packaging solutions. SCGP also uses digital technology to increase its business efficiency while promoting and implementing sustainable business practices in accordance with the principles of the Circular Economy. SCGP is the leader in providing fully integrated packaging solutions in Southeast Asia that provides packaging solutions and various services that address its customers' various needs throughout the entire supply chain.

Investors may review SCGP's registration statement and the full draft prospectus submitted to the SEC at

Latest Press Release

Mitsubishi Motors Thailand Lays Foundation Stone for its New Eco-Friendly Paint Factory

- Set to complete in December 2021, the new paint factory will enhance quality, eco-friendliness, and competitiveness. Mitsubishi Motors (Thailand) Co., Ltd. today laid the foundation stone for its new eco-friendly paint factory at Laem Chabang,...

Bangkok Bank and partners launch #Contour: Digital solution to revolutionize US $18 trillion global trade market

Bangkok Bank and partners launched "Contour" to revolutionize international trade transactions valued at 18 trillion US dollars. This digitalizes letters of credit from end-to-end. Bangkok Bank Executive Director Charamporn Jotikasthira said Bangkok Bank...

AirAsia Thailand completes IATA Operational Safety Audit (IOSA)

AirAsia Thailand (FD), a low cost carrier of the AirAsia Group, has completed its Operational Safety Audit (IOSA) by the International Air Transportation (IATA) affirming its world-class safety standards. AirAsia Thailand is the sixth airline in AirAsia...


Bruno Rotschaedl, General Manager, Swissotel Bangkok Ratchada, attended MICE Standards Day 2020 on behalf of the hotel and collected its ASEAN MICE Venue Standard certification bestowed by Thailand Convention and Exhibition Bureau (TCEB). The...

KTC lets cardmembers redeem for worthwhileness with KTC Signature Dish at Kungthong Seafood.

"KTC" or Krungthai Card Public Company Limited, jointly with Kungthong Seafood, an authentic Thai seafood restaurant that was passed down from generations to generations, let KTC credit cardmembers redeem for worthwhileness and deliciousness. KTC...

Related Topics