Post by account_disabled on Dec 30, 2023 10:12:54 GMT
SCG announces plans to expand its packaging business. By approving the plan to offer additional common shares to the general public for the first time (IPO) of SCGP in an amount not exceeding 30 percent of SCGP's paid-up capital after increasing capital and listing the company on the Stock Exchange of Thailand. ("Stock Exchange") to raise funds to expand the packaging business. Hoping to penetrate markets in both the ASEAN region and other regions with a bright future. and to fully answer the needs of all customer groups. Driving the packaging business to grow, Mr. Rungroj Rangsiyopas, President of SCG, revealed that “SCG sees that the packaging business has outstanding potential.
The potential to continue growing in the future Especially in the ASEAN region, where consumption Country Email List rates and purchasing power are continuously increasing more than other regions, especially for packaging for consumer products. Food and beverage products and products sold through E-commerce channels, especially in Thailand, Indonesia, the Philippines, and Vietnam, which are markets with high growth rates and the potential to grow significantly and continuously in the future. In 2018, the package market Packaging in ASEAN is valued at approximately $50 billion. Therefore, in order for SCG to accelerate opportunities and increase the growth potential of the packaging business in the region.
Both in terms of production base and marketing to better respond to market demand. SCG has therefore approved the plan to offer additional common shares to the general public for the first time (IPO) of SCGP not exceeding 30 percent of SCGP's paid-up capital after increasing capital and listing SCGP on the Stock Exchange. To allow the general public to have the opportunity to invest in businesses that have future growth and to allow SCGP to raise funds to invest in expanding SCG's packaging business both domestically and internationally to grow, including In order to adjust the financial structure to be ready to support further business expansion in the future, SCGP will also be able to raise funds from the Stock Exchange.
The potential to continue growing in the future Especially in the ASEAN region, where consumption Country Email List rates and purchasing power are continuously increasing more than other regions, especially for packaging for consumer products. Food and beverage products and products sold through E-commerce channels, especially in Thailand, Indonesia, the Philippines, and Vietnam, which are markets with high growth rates and the potential to grow significantly and continuously in the future. In 2018, the package market Packaging in ASEAN is valued at approximately $50 billion. Therefore, in order for SCG to accelerate opportunities and increase the growth potential of the packaging business in the region.
Both in terms of production base and marketing to better respond to market demand. SCG has therefore approved the plan to offer additional common shares to the general public for the first time (IPO) of SCGP not exceeding 30 percent of SCGP's paid-up capital after increasing capital and listing SCGP on the Stock Exchange. To allow the general public to have the opportunity to invest in businesses that have future growth and to allow SCGP to raise funds to invest in expanding SCG's packaging business both domestically and internationally to grow, including In order to adjust the financial structure to be ready to support further business expansion in the future, SCGP will also be able to raise funds from the Stock Exchange.