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SCC disclosed that SCG Packaging (SCGP), a subsidiary, is preparing to offer an initial public offering of 1,296.68 million shares and the allocation of 169.13 million shares to existing SCC shareholders with 7,0950 common shares of the company. Company for each share. Shareholders List September 11, 2020 – Brokerage recommends buying SCC as a result of having the right to subscribe for SCGP package shares and believes it will receive a lot of interest from investors due to the packaging business. The growth is most notable in SCC’s core business, as its share price is good news.
Siam Cement Public Company Limited or SCC informed the Thailand Stock Exchange (SET) yesterday (August 31) that the board of directors of SCG Packaging Public Company Limited) OR SCGP, a subsidiary company, resolved to allocate no more than 169,132,500 shares for the initial public offering (IPO) to be offered to SCC shareholders in proportion to their shareholding (Preference Rights) At a rate of 7,0950 SCC shares per 1 SCGP share, in this regard, the SCC Board of Directors has determined that the The date of September 11, 2020 is the registration date.
Additionally, there is a resolution to allocate up to 2,823,000 IPOs to be offered to SCGP’s existing minority shareholders whose names appear in SCGP’s share registration book as of September 11, 2020 (Registration Date (Registration Date) in proportion of 10.6480 existing ordinary shares of SCGP per 1 newly issued ordinary share of SCGP The Company will also report the offer price of the newly issued ordinary shares for allocation to shareholders It holds ordinary shares of the Company Only for groups that they are entitled to receive shares AND the allocation of newly issued common shares to be offered to SCGP’s existing minority shareholders, which will be the same price as the SCGP IPO offering price.
SCGP plans to offer all IPOs, no more than 1,296,680,000 shares, par value of 1 baht per share
ASPS recommends buying SCC, believing that SCGP is likely to grow again after the IPO.
Asia Plus Securities (ASPS) said in the analysis that according to Siam Cement Public Company Limited or SCC plans to bring SCG Packaging Public Company Limited or SCGP is listed on the Thailand Stock Exchange (SET), where SCGP will sell a total of 1,296, 68 million IPOs and will assign 169.1325 million shares or 13.04% of OPI shares, this time granting SCC shareholders the right to subscribe for OPI shares in Relation 7,095 SCC shares: 1 SCGP share, the same price to be sold on IPO (price not yet announced), set for XR 9 mark date September 20
The research seeks to create a positive trend for SCC, as it believes that SCGP’s shares will receive a lot of attention from investors. Under its aggressive marketing strategy and changing consumer behavior, the packaging business achieved the most outstanding growth among SCC’s top three businesses. In 1H63, the packaging business represented 22% of SCC’s total earnings. Compared to the previous seven years, that was less than 10%, and the business has another leap-forward growth trend after the IPO financing, which SCC aims to generate another 100% revenue growth in the next few 5 years. In the second half of the year, there were negative factors on the global economic slowdown and the accumulation of plastic pellets in preparation for the maintenance of the Map Ta Phut olefins plant in 4Q20.
However, a positive long-term business outlook under a strong business model enables SCC to generate profitable long-term growth with consistent dividend payments.
The price of the shares of the company La Siam Cement Public Company Limited or SCC has continued to increase since the opening of the listing received yesterday the news.
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