Thailand's Siam Cement puts chemical unit's IPO on hold amid turbulent market

Thailand's Siam Cement puts chemical unit's IPO on hold amid turbulent market

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

Thailand’s largest industrial conglomerate Siam Cement said on Monday it has decided not to proceed with the domestic initial public offering (IPO) of its unit SCG Chemicals due to unfavorable market conditions.