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Thai cement giant buys 7th packaging firm in Vietnam By Dat Nguyen December 23, 2020 | 01:32 pm GMT+7 The headquarter of Bien Hoa Packaging is pictured in Dong Nai Province, southern Vietnam. Photo courtesy of the company. Thai cement giant SCG Group has acquired its seventh packaging company in Vietnam, Bien Hoa Packaging, at a cost of VND2.07 trillion ($89 million). The company owns a 94.11 percent stake in the company through its subsidiary Thai Containers Group Company Ltd, according to a recent statement. It paid VND171,450 ($7.38) for each share of Bien Hoa Packaging, 84 percent higher than the current market price. Bien Hoa’s clients are mainly high-growth consumer brands that are multinationals, the statement said. ....
Thai cement giant to buy seventh Vietnamese packaging firm By Minh Son December 17, 2020 | 09:01 am GMT+7 Workers operate a packaging manufacturing chain in a factory of Bien Hoa Packaging Jsc. Photo courtesy of the company. A subsidiary of Thailand’s SCG Group has registered to buy a 94.1 percent stake in Vietnam’s Bien Hoa Packaging Jsc. The deal, if successful, will increase the number of Vietnamese packaging companies owned by Siam Cement Group Public Company Limited (SCG Group) to seven. TCG Solutions, a subsidiary of the Thai cement and building material giant, is set to purchase 12 million shares of Bien Hoa Packaging, which is based in the southern province of Dong Nai, later this month. ....