SET Senior Executive Vice President Manpong Senanarong said that SCGD will be listed and start trading on the SET in the Property & Construction industry group, Construction Materials sector.
SCGD is a Siam Cement Group's flagship company engaged in a holding company in which its subsidiaries and associates are manufacturers of floor and wall tiles in Thailand and overseas countries consisting of Indonesia, the Philippines and Vietnam, and bathroom products in Thailand under widely recognized brands including COTTO, SOSUCO, CAMPANA, PRIME, MARIWASA and KIA. The company has sales channels across the ASEAN region via its dealerships, modern trade stores and its own retail store network, and exports to many countries. Moreover, the company is engaged in industrial estate business in Nong Khae district of Saraburi province.
After the IPO, SCGD has a paid-up capital of THB 16.50 billion with a par value of THB 10 per share. The company allocated 439.1 million newly issued shares to the general public and launched a tender offer for all shares of SCG Ceramics pcl (COTTO) by swapping with the IPO shares. The newly issued shares were allotted during November 1-December 13, 2023, at THB 11.50 each to raise fresh fund of THB 5.05 billion. The IPO price was based on book building and was equivalent to the price-to-earnings ratio (P/E ratio) of 19.9 times. The earning per share is equal to THB 0.58, which was calculated from the company's net profit of THB 953.6 million in the past four quarters (from October 1, 2022, to September 30, 2023), divided by 1.65 billion fully diluted shares. Bualuang Securities pcl is the financial adviser and lead underwriter.
SCGD Chief Executive Officer Numpol Malichai said the company is very pleased with the listing on SET. This is an important stepping stone towards business expansion to ASEAN which is a highly potential market. The company does believe that its strong financial status, advanced production bases, and over 40 years of experience will lead to the steady and sustainable growth. SCGD plans to spend the proceeds from the fundraising for production capacity and sales channel expansion, efficiency improvement in operation and energy consumption to achieve net-zero carbon emissions in 2050, and as working capital.
SCGD's dividend policy is to pay at least 30 percent of net profit from its consolidated financial statements after corporate income tax and all reserves required by law and its articles of association. The dividend payout is also subject to the company's performance, financial position and investment plans, market circumstances, necessities and appropriateness in the future.
SCGD's major shareholder after the IPO is Siam Cement Group (73.4 percent through both direct and indirect shareholding).
For more information on SCGD, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th; and for general information, please visit www.scgdecor.com and www.set.or.th.
Source: SET Corporate Communications