Tuesday, April 16, 2024

SET welcomes decor surface and bathroom manufacturer “SCGD” on Dec 20

Abstract

SCG Decor pcl, a leader in decor surface and bathroom business, will be listed on the Stock Exchange of Thailand on December 20, 2023, with a market capitalization of THB 18.98 billion. The company plans to expand in ASEAN and achieve net-zero carbon emissions. Dividend policy: at least 30% of net profit.


Listing of SCG Decor pcl on the Stock Exchange of Thailand

The Stock Exchange of Thailand (SET) is set to list SCG Decor pcl, a leader in end-to-end decor surface and bathroom business, on December 20, 2023, under the ticker symbol “SCGD”. The company’s market capitalization at its initial public offering (IPO) stands at THB 18.98 billion (approx. USD 540.28 million). SET Senior Executive Vice President Manpong Senanarong announced that SCGD will be listed and start trading on the SET in the Property & Construction industry group, Construction Materials sector.

Details of SCG Decor pcl’s Initial Public Offering

SCGD, a flagship company of Siam Cement Group, is engaged in floor and wall tiles manufacturing in Thailand and other countries, as well as bathroom products under various well-known brands. The company’s paid-up capital after the IPO is THB 16.50 billion, and it has allocated 439.1 million newly issued shares to the general public. SCGD’s Chief Executive Officer, Numpol Malichai, emphasized the company’s strong financial status, production bases, and experience, expressing confidence in steady and sustainable growth. SCGD plans to utilize the IPO proceeds for production capacity and sales channel expansion, efficiency improvement, energy consumption, and achieving net-zero carbon emissions by 2050, along with working capital. Additionally, SCGD’s dividend policy aims to pay at least 30 percent of net profit from its consolidated financial statements, subject to the company’s performance, financial position, and investment plans.

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