Bangkok, SCG Decor Public Company Limited, a leader in the complete surface decoration and sanitary ware business. both in Thailand and the ASEAN region Ready to be traded on the Stock Exchange of Thailand on Dec. 20, with a securities value at the IPO price of 18,975 million baht, using the abbreviation “SCGD” in securities trading.
Mr. Manphong Senanarong, Deputy Manager, Head of Securities Issuer Division The Stock Exchange of Thailand (SET) revealed that the Stock Exchange welcomes SCG Decor Public Company Limited to register and begin trading on the Stock Exchange. in the real estate and construction group Construction materials category Using the abbreviation for securities trading as “SCGD” on December 20, 2023.
SCGD is the flagship company of the Siam Cement Group. It conducts business by holding shares in other companies (Holding Company). It operates the business of producing floor and wall tiles both in Thailand and abroad, including Vietnam, the Philippines, and Indonesia. and the business of producing sanitary ware and bathroom accessories in Thailand Under widely accepted brands such as COTTO SOSUCO CAMPANA PRIME MARIWASA and KIA, with distribution channels covering the entire ASEAN region. Through a network of various dealer shops and modern retail channels and distributed through the company’s store network and exports to sell in many countries around the world. In addition, the company also operates an industrial estate service business in Nong Khae District. Saraburi Province
SCGD has a paid-up registered capital after offering shares of 16,500 million baht with a par value of 10 baht per share by offering additional common shares to the general public and making a tender offer to purchase all securities from shareholders of SC Public Company Limited. G Ceramics (COTTO) by exchanging IPO shares of SCGD according to the restructuring plan. By offering to sell additional shares totaling 439.1 million shares, with subscription scheduled between 1 Nov. – 13 Dec. 2023 at the final offering price of 11.50 baht per share, representing a fundraising value of 5,049.65 million baht and having a value Securities at the IPO price of 18,975 million baht. The determination of the IPO share price comes from the process of surveying investor needs (Book Building), which when considering the price to earnings ratio per share (Price to Earnings Ratio: P/E) is equal to 19.9. times, calculated from net profit in the past 4 quarters (1 Oct. 2022 – 30 Sep. 2023), which is equal to 953.6 million baht divided by the total number of common shares after this stock offering (Fully Diluted), which is equal to 1,650 million shares, has a net profit per share of 0.58 baht per share, with Bualuang Securities Public Company Limited acting as the financial advisor and underwriter for the sale of common shares.
Mr. Namphon Malichai, Chief Executive Officer and President of SCG Decor Public Company Limited (SCGD), revealed that the company is very pleased that SCGD will be listed on the Stock Exchange of Thailand. This is an important step that increases opportunities to expand business into ASEAN markets with high growth potential. We firmly believe that the strength of our capital This, together with a modern production base and more than 40 years of business experience, will enhance the company’s continuous and sustainable growth. SCGD plans to use the money from the fundraising to expand production capacity and expand distribution channels. Including increasing operational and energy efficiency. To aim for the goal of net zero carbon emissions (Net Zero Carbon) in 2050 and to use as working capital for the company’s operations.
SCGD has a policy of paying dividends to shareholders at a rate of not less than 30 percent of net profits according to the consolidated financial statements. After deducting all types of reserves as required by law and the company each year. Including after deduction of corporate income tax, the payment of such dividends will depend on the operating results and financial position of the Company, investment plans, market conditions, future necessity and appropriateness. After the IPO, there will be major shareholders, including the group. Thai cement Holds shares both directly and indirectly, totaling 73.4% of the paid-up capital.
Investors and interested parties Please see details from the company’s prospectus at the SEC’s website at www.sec.or.th. and general information at www.scgdecor.com and at the website www.set.or.th .
Source: Thai News Agency