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)