BSECompany UpdateM&A22 Jun 2026
Polyplex Corporation Ltd
As per PDF attached
Polyplex Corporation Ltd announced that its step-down subsidiary, Polyplex (Thailand) Public Company Limited (PTL), received an intention to make a tender offer. AGPH (Thailand) Ltd., a wholly-owned subsidiary of AGP Holdco Limited (which holds 24.28% equity in Polyplex Corporation Ltd), is the tender offeror. The offer is to acquire all ordinary shares of PTL at THB 15.00 per share, valuing the total acquisition at THB 13.5 billion. The official tender offer is expected to be submitted by June 29, 2026. This move signifies a potential change in ownership or delisting for PTL, initiated by a related entity of a significant shareholder of the parent company.
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