SCG Décor’s IPO plan accepted

Siam Cement Plc (SCC) plans to float shares of its floor tile and sanitaryware company on the Stock Exchange of Thailand (SET) this year after the company’s initial public offering (IPO) plan was endorsed by the regulator.

SCC president and chief executive Roongrote Rangsiyopash said SCG Décor (SCGD), which manufactures floor tiles, wall tiles and sanitaryware for sale both domestically and abroad, is seeking an appropriate time to issue the new ordinary shares through an IPO and list on the Thai bourse.

The company submitted the IPO and listing plan for SCGD to the SET on May 31 this year, and to the Securities and Exchange Commission (SEC) on June 29. The SEC approved the IPO filing on Oct 10.

As…