SET-listed SCG Ceramics (COTTO) Plc is expecting its revenue to expand by 2.3 times and anticipates becoming the market leader in Vietnam and the Philippines following its delisting and restructuring process with SCG Decor — the company’s major shareholder.
Managing director Nampol Malichai said COTTO has been scheduled to delist from the Stock Exchange of Thailand (SET) while SCG Decor planned to raise funds through an initial public offering (IPO), with a plan to list its shares on the SET.
“The Siam Cement Plc [SCC] or SCG aims to make its subsidiary SCG Decor the flagship company for floor tiles, wall tiles and bathroom business in Thailand and overseas, and the sole company within the group to operate those businesses,” he said.
Currently, SCG has three subsidiaries: SCG…
