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Thailand's SCG Packaging set to raise $1.5bn in IPO

Demand for Siam Cement unit shows investor confidence despite economic woes

A man walks past the logo of Siam Cement in Bangkok. The group is one of Thailand's biggest industrial companies, the biggest shareholder of which is King Maha Vajiralongkorn.   © Reuters

BANGKOK (Financial Times) -- Siam Cement Group's packaging unit is set to raise nearly $1.5 billion in an initial public offering, signaling investor confidence in one of Thailand's industrial champions despite economic woes and anti-government protests.

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