SCGP buys JZF through TCG, taking a 90% stake worth 68 million baht

M&A · PartnershipCorporate Action

โดย thunhoon.com·

Summary · why it matters

SCG Packaging Public Company Limited, or SCGP, disclosed that Siam Packaging Company Limited, or TCG, a joint venture between SCGP and Japan's Rengo Company Limited in a 70:30 ratio, has acquired a 90% ordinary shareholding in Jinjongfa Paper Industry Company Limited, or JZF, a paper packaging producer in Thailand, with the total value of the stake acquisition amounting to 68 million baht. SCGP will begin recognising JZF's operating results in its consolidated financial statements from October 2026 onward. JZF manufactures corrugated paper boxes, with its main customers being Chinese fruit exporters based in Thailand. In 2025 it had revenue of 205 million baht, assets of 240 million baht, and production capacity of 28,000 tonnes per year. Its production base is located in Chonburi Province, a strategic location close to SCGP's customer base in the eastern region. The size of this investment represents 0.04% of SCGP's total assets under its consolidated financial statements as of 30 June 2026, so it does not fall under the requirement to comply with the Capital Market Supervisory Board's notification on criteria for significant transactions, and it is not a connected transaction.