VILAF has advised SCG Decor Public Company Limited (SCGD) as Vietnamese law counsel in its successful initial public offering on the Thailand Stock Exchange on 20 December 2023. 

SCGD, a leader in the complete surface decoration and sanitary ware business both in Thailand and the ASEAN region, with its capitalized value of 18,975 million baht (approx. US$543 million), becomes the largest IPO in Thailand stock market this year.

SCGD has a paid-up registered capital after offering shares of 16,500 million baht with a par value of 10 baht per share by offering additional common shares to the general public and making a tender offer to purchase all securities from shareholders of SC Public Company Limited, G Ceramics (COTTO) by exchanging IPO shares of SCGD according to the restructuring plan. By offering a total of 439.1 million additional shares, with subscription scheduled between 1 November – 13 December 2023 at a final offering price of 11.50 baht per share, the IPO represented a fundraising value of 5,049.65 million baht (approx. US$144.5 million).

SCGD is the flagship company of the Siam Cement Group. It conducts business by holding shares in other companies (Holding Company). It operates the business of producing floor and wall tiles both in Thailand and abroad, including Vietnam, the Philippines, and Indonesia. The business also produces sanitary ware and bathroom accessories in Thailand under widely accepted brands such as COTTO, SOSUCO, CAMPANA, PRIME, MARIWASA and KIA, with distribution channels covering the entire ASEAN region through a network of various dealer shops and modern retail channels and distributed through the company’s store network and exports to sell in many countries around the world.

In Vietnam, SCGD has a portfolio of 14 subsidiaries under the holding of Prime Group as parent company.

VILAF Senior Partner Anh Dang led the team together with Counsel Hoang Duong, Associates Tu Quach, Quynh Tran, Chi Nguyen, Hue Anh and My Linh.