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Thailand's Siam Cement puts chemical unit's IPO on hold

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Jul 01, 2023

Thailand's Siam Cement puts chemical unit's IPO on hold

SINGAPORE, Aug 28 (Reuters) - Thailand's largestindustrial conglomerate Siam Cement said on Monday ithas decided not to proceed with the initial public offering(IPO) of its unit SCG Chemicals due to

SINGAPORE, Aug 28 (Reuters) - Thailand's largestindustrial conglomerate Siam Cement said on Monday ithas decided not to proceed with the initial public offering(IPO) of its unit SCG Chemicals due to unfavorablemarket conditions.

Siam Cement said in a stock exchange filing that "it may notbe appropriate to proceed with the IPO at this time".(Reporting by Yantoultra Ngui; Editing by MuralikumarAnantharaman)