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Thai conglomerate acquires Vietnam s Bien Hoa Packaging | Tuoi Tre News

Tuesday, December 15, 2020, 15:14 GMT+7 This undated supplied photo is pictured inside a factory of Bien Hoa Packaging in Vietnam. TCG Solutions Pte, a subsidiary of Thailand s conglomerate Siam Cement Group (SCG), has announced its plan to purchase over 12 million shares, or a 94.11 percent stake, of Bien Hoa Packaging (Sovi). The transaction is set to take place from December 16 to 31. Given the current market price of VND81,500 (US$3.5) per Sovi share, TCG is expected to spend more than VND978 billion (US$42.23 million) on the deal. Earlier, Sovi paved the way for the acqusition by raising its foreign ownership limit to 100 percent in July.

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