SCG packaging unit's $1b Thai IPO put on hold amid coronavirus outbreak

SCG packaging unit's $1b Thai IPO put on hold amid coronavirus outbreak

Coronavirus information and advisory displayed on a mobile phone. Photo: Pixabay

The $1 billion initial public offering (IPO) of Thailand’s Siam Cement Group Pcl’s (SCG) packaging business has been shelved with global financial markets roiled by the coronavirus epidemic, two sources with direct knowledge of the matter said.