SET welcomes Southeast Asia’s leading total packaging solution provider SCGP on October 22

Stocks and Financial Services Press Releases Thursday October 22, 2020 11:42
Bangkok--22 Oct--SET Corporate Communications

The Stock Exchange of Thailand (SET) will list SCG Packaging pcl, a fully integrated packaging chain leader in Southeast Asia, on October 22, under the ticker symbol “SCGP”. The company has a market capitalization at its initial public offering (IPO) of THB 148.87 billion (approx. USD 4.76 billion).

SET Senior Executive Vice President Manpong Senanarong said that SCGP would list and start trading on SET in the Industrials industry group, Packaging sector.

SCGP is a holding company with core businesses focusing on integrated packaging chain, and fibrous chain. The company’s total packaging solution business generates over 80 percent of total revenue and can create 120,000 stock keeping units (SKUs) of diverse products and services that respond to multitude of customer needs across all segments. According to the 2019 survey, the company was considered Southeast Asia’s largest containerboard and corrugated container producer with 36 percent of market share, way ahead of its closest competitor’s market share at 12 percent. The company is recognized as the region’s largest packaging paper manufacturer with an annual production capacity of 4 million tons. SCGP has 40 production plants across business lines in 5 ASEAN countries: Thailand, Vietnam, Indonesia, the Philippines and Malaysia.

SCGP has a registered paid-up capital of THB 4.25 billion, consisting of 3.126 billion existing common shares and 1.128 billion newly issued shares, with a par value of THB 1 each (excluding 169.13 million over-allotment shares). It offered the entire newly issued shares to the public during September 28 - October 7, 2020 at THB 35 each for a total of THB 39.46 billion. Siam Commercial Bank pcl is its financial advisor while SCB Securities Co., Ltd. and Bualuang Securities pcl are co-lead underwriters.

SCGP Chief Executive Officer Wichan Jitpukdee said the company is confident that being a SET-listed firm will help enhance the business expansion, debt repayment and working capital. SCGP has plans to continuously invest in ASEAN region aiming to meet customers’ diverse needs, especially packaging for consumer products in high growth potential segment. In addition, the company also offers packaging solutions that keep pace with all customer needs with innovation value and state-of-the-art technology. SCGP committedly operates in accordance with circular economy principles to secure leadership in packaging products tailored to suit across all groups of customers.

SCGP's dividend policy is to pay no less than 20 percent of net profit as recorded in the consolidated financial statement after corporate income tax, legal reserves and company’s provisions. However, the company's dividend payout may be different from this policy subject to the company's performance, liquidity and necessity to utilize working capital for business management and future business expansion as well as the economic situation.

SCGP’s major shareholder after IPO is Siam Cement pcl (SCC) (68.81 percent). The shareholding ratio will not lower than 70 percent of the paid-up capital after the share allocation upon the return of the borrowed shares.

For more information on SCGP, please see the company's prospectus at the Securities and Exchange Commission's website at ; and for general information, please visit as well as

Latest Press Release

Bangkok Bank joins Hua Seng Heng to launch real-time online gold trade for the first time in Thailand

Bangkok Bank joins Hua Seng Heng to offer opportunities to investors to buy and sell gold at real-time global market prices in USD on the Hua Seng Heng USD Gold Trade platform via Foreign Currency Deposit Account: FCD for Bangkok Bank customers for the...

กรุงไทยครองตำแหน่ง Bank of the Year 2020 in Thailand จาก The Banker ตอกย้ำผู้นำ Digital Banking เคียงข้างคนไทยในทุกมิติ

ธนาคารกรุงไทยตอกย้ำความเป็นธนาคารชั้นนำ คว้ารางวัล Bank of the Year 2020 in Thailand จากนิตยสาร The Banker เป็นครั้งที่ 3 และรางวัล Best Social Impact Bank -Thailand 2020 จากวารสาร Capital Finance International (CFI) ต่อเนื่องเป็นปีที่ 4...

Kasikornbank launches PossAbility Acceleration to drive itself into an innovative organization That employees take care of for actual use

KASIKORNBANK (KBank) has launched the PossAbility Acceleration program to encourage its employees nationwide to compete with their creative ideas underthe aim of becoming an innovative organization. The most innovative ideas have been incubated, set...

SET rolls out 5th year of "INVESTORY Mobile Exhibition on Schools" series for youths in 10 more provinces

The Stock Exchange of Thailand (SET) has cultivated savings discipline and promoted financial planning literacy through "INVESTORY Mobile Exhibition on Schools" which has been held for a 5th consecutive year in 10 provinces, recreating SET's INVESTORY...

SCB teams up with Lightnet to offer cross-border fund transfer from South Korea to Thailand

As a digital banking leader, Siam Commercial Bank (SCB) never stops developing its financial technology capabilities, and in a recent move SCB has announced a new business partnership with the Lightnet Group, a fintech startup offering financial services...

Related Topics