# SCG Chemicals buys 9.22% stake in A.J. Plast

SCG Chemicals, a unit of SCC, will subscribe to 40,560,773 new A.J. Plast shares, about 9.22%, at 17.15 baht per share, totaling roughly 696 million baht, in a private placement.

- Type: Acquisition
- Announced: 2020-10-30
- Where: Thailand
- Value: $22.5M (696.0M THB)
- Status: announced
- Products: flexible packaging, biaxially oriented film
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Siam Cement](https://endata.com/companies/6339.md) (investor)
- [SCG Chemicals](https://endata.com/companies/7171.md) (investor)
- [A.J. Plast](https://endata.com/companies/7172.md) (target)

## Sources

- [kaohoon.com](https://www.kaohoon.com/news/international/397918), 2020-10-30: "to invest in A.J. Plast Public Company Limited (AJ) ... by subscribing 40,560,773 newly issued ordinary shares (Subscribed Shares) (equivalent to 9.22%) in AJ"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.