According to the company’s website press release on April 12, 2023, the Siam Cement Public Company Limited (the “Company”) disclosed information of Approval of SCG Chemicals Public Company Limited (“SCGC”)’s application for the initial public offering (“IPO”) by the Office of the Securities and Exchange Commission of Thailand (the “SEC”) on October 5, 2022.
The Company hereby informs you that the Company has considered the suitability of an IPO and listing of SCGC shares on the Stock Exchange of Thailand. Taking into account various factors including the economic situation, energy crisis, inflation, as well as the conditions of the money and capital markets, and it is deemed inappropriate to proceed with the IPO at this time. Thus, SCGC has applied to extend the IPO timeline and already received an approval from the SEC on April 12, 2023 to extend the IPO timeline until October4, 2023, in accordance with the relevant Notification of the Capital Market Supervisory Board.
However, based on the above factors and situation, the Company will consider the suitability in the future and will report the significant progress to investors and stakeholders accordingly.
Disclaimer
Distribution of this document into jurisdictions other than Thailand may be restricted by law. Persons who possess this document should inform themselves of and observe any such restrictions. The information contained herein is not for release, publication, or distribution, directly or indirectly, in or into the United States.
The information contained in this document is for information purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy any securities, nor shall there be any sale or purchase of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities referred to in herein have not been, and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws of the United States, and may not be offered or sold within the United States, except in reliance on an exemption from, or in a transaction not subject to, registration under the U.S. Securities Act and applicable state laws. SCG Chemicals Public Company Limited has no intention to register any portion of the offering or any securities described herein in the United States, or to conduct a public offering of securities in the United States.
This document should not be used to prepare an article for publication in the United States.
