SCG Decor pcl will be listed on the Stock Exchange of Thailand on December 20, 2023 under ticker “SCGD”, with a market capitalization of THB 18.98 billion. The company, a subsidiary of Siam Cement Group, plans to use funds from the IPO for expansion and carbon emission reduction, with a dividend policy of at least 30% of net profit.
SET welcomes decor surface and bathroom manufacturer “SCGD” on Dec 20
On December 20, 2023, the Stock Exchange of Thailand (SET) will list SCG Decor pcl under the ticker symbol “SCGD”. The company’s market capitalization at its initial public offering (IPO) will be THB 18.98 billion (approx. USD 540.28 million).
SCGD: A Leader in Decor Surface and Bathroom Business
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.
The company will use the funds raised from the IPO for production capacity and sales channel expansion, efficiency improvement in operation, and achieving net-zero carbon emissions by 2050, among other initiatives.