AGPH (Thailand) Ltd. has announced its intention to launch a tender offer for all ordinary shares of Polyplex (Thailand) Public Company Limited (PTL). The offer, valued at THB 15.00 per share, is for the entire 900,000,000 ordinary shares, totaling an offering amount of THB 13,500,000,000. AGPH (Thailand) Ltd. is a wholly-owned subsidiary of AGP Holdco Limited, which currently holds a 24.28% stake in PTL.
AGPH (Thailand) Ltd. Initiates Tender Offer for PTL
AGPH (Thailand) Ltd. has formally submitted an announcement of its intention to make a tender offer for all outstanding ordinary shares of Polyplex (Thailand) Public Company Limited (PTL). This announcement was received by PTL on June 22, 2026, and is a significant development for the company’s shareholders.
Offer Details and Valuation
The tender offer is designed to acquire all of PTL’s securities. Key details of the offer include:
- Securities Subject to Offer: Ordinary shares of Polyplex (Thailand) Public Company Limited.
- Number of Shares Offered: 900,000,000 ordinary shares.
- Percentage of Securities to be Offered: 100.00% of the issued securities.
- Expected Offering Price Per Unit: THB 15.00.
- Total Offering Amount: THB 13,500,000,000.
The offer is intended to cover 100.00% of the total voting rights of the Business.
Background of the Offeror
AGPH (Thailand) Ltd., the Announcer of Intention, is a wholly-owned subsidiary of AGP Holdco Limited, Dubai UAE. AGP Holdco Limited currently holds a substantial stake in PTL, comprising 76,21,390 equity shares, which represents 24.28% of PTL’s issued shares. These shares have a face value of Rs. 10/- each.
Preparers and Advisors
The tender offer preparer is Kiatnakin Phatra Securities Public Company Limited. Legal advisors for the transaction include Trilegal and TTT & Partners Company Limited.
Timeline for Submission
The expected date for the official submission of the tender offer is within June 29, 2026. This falls within the stipulated seven business days from the announcement date, as per regulatory requirements.
Current Holdings and Agreements
As of the submission date of the announcement of intention, there are no securities held prior to making the tender offer, nor are there any securities to be acquired under any other agreements, including convertible securities.
Polyplex Corporation Limited has been informed and requested to take this disclosure on record.
Source: BSE
