SCG Decor Public Company Limited (SCGD) Receives Approval for IPO Listing in Thailand.
On October 10th, the Securities and Exchange Commission (SEC) of Thailand granted approval for the initial public offering (IPO) application of SCG Decor Public Company Limited (SCGD). SCGD is a subsidiary of Siam Cement Group (SCG), the largest industrial conglomerate in Thailand. This significant development positions SCGD for a listing on the Stock Exchange of Thailand (SET) later this year.

Company Background

SCGD submitted its IPO and listing plan to the SEC in May of this year. Following this, on June 28th, the SEC released the prospectus for SCGD’s initial public offering. As per the IPO plan, SCGD intends to issue a maximum of 444,100,000 ordinary shares, each with a par value of 10 Thai Baht per share.
In the first half of this year, SCGD was formed through the merger of two SCC subsidiaries, SCG Ceramics Public Company Limited (COTTO) and SCG Decor Company Limited (SCG Decor). This merger was a part of the business restructuring plan approved by the SCC Board of Directors on March 29th, 2023. Shareholders who accept the tender offer will receive consideration in the form of newly issued ordinary shares of SCGD through a share swap.

Financial Performance

SCGD has showcased impressive financial performance in recent years. According to the prospectus, the company reported a sales revenue of 30.2538 billion Thai Baht (equivalent to 6.248 billion Chinese Yuan) σε 2022, representing a year-on-year growth of 16.6%. Από τον Ιανουάριο έως τον Ιούνιο 2023, the combined revenue of the company reached 6.85 billion Thai Baht (equivalent to 1.347 billion Chinese Yuan), showcasing a year-on-year increase of 4%.

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Market Dominance and Growth

SCGD holds a significant market presence in various sectors. Σε 2021, the company’s tiles secured the top position in the markets of Thailand, Βιετνάμ, and the Philippines, with market shares of 33.0%, 26.4%, και 16.8% αντίστοιχα. Additionally, the market share of their smart