(Bloomberg) SCG Chemicals Pcl, a unit of Siam Cement Pcl, is seeking to raise as much as $3 billion in what could be Thailand’s largest-ever initial public offering, according to people familiar with the matter.
The chemical company plans to offer as many as 3.
The widening impact of the Russia-Ukraine war is causing SET-listed Siam Cement Group (SCG), Thailand's largest cement maker and industrial conglomerate, to review its investment plan this year as energy and raw materials prices are increasing.
By the end of February 2022, the registered capital for project adjustment of foreign investors in Vietnam has increased by US$3.59 billion, a year on year increase of 123.8 percent.
Receiving SCG Chairman and CEO Roongrote Rangsiyopash and Amata Vietnam CEO Somhatai Panichewa in Hanoi on February 16, PM Chinh showed his delight at the growing strategic partnership between Vietnam and Thailand across all fields, especially economy, trade and investment.Thailand has been among the top 10 trade and investment partners of Vietnam for many years, he noted. Prime Minister Pham Minh Chinh (R) receives CEO of SCG Roongrote Rangsiyopash (Photo: VNA) The Government leader thanked the Thai side as well as SCG and Amata for cooperating with and supporting Vietnam in COVID-19 prevention and control. He said that in 2021, when Vietnam did not have enough COVID-19 vaccines and treatment drugs for local residents with limited understanding of SARS-CoV-2 variants, the country was forced to use large-scale restriction measures to prevent the spreading of the virus, affecting socio-economic activities. However, the Vietnamese Government designed various measures to support and remov