AGPH (Thailand) Ltd. to make tender offer for Polyplex Corporation’s Thai subsidiary shares
A wholly owned subsidiary of AGP Holdco Limited, AGPH (Thailand) Ltd., announced its intention to acquire all ordinary shares of Polyplex (Thailand) Public Company Limited in a tender offer. The acquisition is targeted at the Thai company, which is a step-down subsidiary of the listed company.The announcement, made on June 22, 2026, details the proposed tender offer for Polyplex (Thailand) Public Company Limited (PTL). AGPH (Thailand) Ltd. is a wholly owned subsidiary of AGP Holdco Limited, Dubai UAE, and holds 76,21,390 equity shares of the face value of Rs. 10 each in Polyplex Corporation Limited.
Tender Offer Details for PTL Shares
The tender offer is intended to acquire all securities of Polyplex (Thailand) Public Company Limited (PTL). The details regarding the acquisition are as follows:| Type | Number of offered shares (share/unit) | Percentage of securities to be offered in comparison with Total number of issued securities | Expected offering price per unit | Offering amount (THB) |
|---|---|---|---|---|
| Ordinary shares | 900,000,000 | 100.00 | 15.00 | 13,500,000,000 |
The tender offer is being prepared by Kiatnakin Phatra Securities Public Company Limited, with Trilegal and TTT & Partners Company Limited serving as legal advisors. The expected date for the official submission of the tender offer is within June 29, 2026.
Prior Holdings and Financial Overview
As of the submission date of the announcement of intention, no shares or convertible securities were held by AGPH (Thailand) Ltd. prior to making the tender offer.AGPH (Thailand) Ltd. is a wholly owned subsidiary of AGP Holdco Limited, Dubai UAE. The company holds 76,21,390 equity shares representing 24.28% of the face value of Rs. 10 each in Polyplex Corporation Limited.
POLYPLEX Stock Price Movement
Polyplex Corporation Limited saw shares edging higher today, settling at ₹952.90 after closing with a gain of 0.52%. The stock traded within an intraday range defined by a low of ₹948.7 and a high of ₹971.9, with 76,255 shares traded in the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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