SCGP lets TCG buy 90% of JZF for 68 million baht

M&A · PartnershipCorporate Action
โดย Kaohoon·TH·Read original
Summary · why it matters

SCG Packaging Public Company Limited, or SCGP, announced through the Stock Exchange of Thailand 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 90% of the ordinary shares of Jinjongfa Paper Industry Company Limited, or JZF, for a total value of 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 in Thailand, with its main customers being Chinese fruit exporters based in Thailand. In 2025 its operating results showed revenue of 205 million baht, total assets of 240 million baht, and production capacity of 28,000 tonnes per year. JZF's production base is located in Chonburi Province, a strategic location close to SCGP's customer base in the eastern region. The investment aligns with SCGP's strategy of expanding its consumer packaging business in the ASEAN region and is expected to create synergies in operations, cost management efficiency and trade, as well as increase opportunities to sell related products and services to its existing customer base. The transaction constitutes an acquisition of a subsidiary, with a transaction size equal to 0.04% of total assets under SCGP's consolidated financial statements as of 30 June 2026. It therefore does not qualify as a material asset acquisition under the criteria of the Capital Market Supervisory Board and is not a connected transaction.

Impact on stocks 2

Materials▲ · 2 stocks
SCG Packaging Public Company Limited
SCGP
▲ PositiveCapitalrelevance

SCGP's JV TCG acquires 90% of JZF for 68 million baht, expanding its consumer packaging business and adding JZF's results to its consolidated statements from October 2026.

Rengo Co., Ltd.
3941
▲ PositiveCapitalrelevance

Rengo holds a 30% stake in the TCG joint venture that acquired 90% of JZF, so it participates in the acquisition.

Off-coverage companies 2

Jin Jong Fa Paper Industry Co., Ltd. (JZF)Private▲ Positive
Capitalrelevance

JZF is the acquisition target, with 90% of its shares bought by TCG for 68 million baht.

Siam Packaging Group Co., Ltd. (TCG)Private▲ Positive
Capitalrelevance

TCG, the SCGP-Rengo JV, is the entity that acquired 90% of JZF for 68 million baht.

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