Investing
Thailand’s Siam Cement puts chemical unit’s IPO on hold
© Reuters. FILE PHOTO: The logo of the Siam Cement Public Company Limited is pictured at its office building in central Bangkok, Thailand, June 9, 2016. REUTERS/Chaiwat Subprasom/File Photo
SINGAPORE (Reuters) – Thailand’s largest industrial conglomerate Siam Cement said on Monday it has decided not to proceed with the initial public offering (IPO) of its unit SCG Chemicals due to unfavorable market conditions.
Siam Cement said in a stock exchange filing that “it may not be appropriate to proceed with the IPO at this time”.
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