AGPH (Thailand) Co., Ltd. has announced its intention to launch a voluntary tender offer to acquire all shares of Polyplex (Thailand) Public Company Limited (SET: PTL), with the goal of taking the company private. The deal is valued at approximately 13.5 billion baht.
PTL disclosed to the Stock Exchange of Thailand (SET) that the company received a Statement of Intention to Make a Tender Offer (Form 247-3) today from AGPH (Thailand). The offeror intends to purchase 900,000,000 common shares, representing 100.00% of the total issued and paid-up shares and voting rights of PTL.
The expected offer price is set at 15.00 baht per share. This represents a 43% premium over PTL’s closing price of 10.50 baht on the day of the announcement. According to the filing, AGPH (Thailand) currently holds no shares or convertible securities in PTL and has not entered into any prior memorandums of understanding or agreements regarding this acquisition.
AGPH (Thailand) expects to officially submit the formal tender offer to the Securities and Exchange Commission (SEC) by June 29, 2026.
This move comes as PTL recently reported strong financial performance for the 2025 fiscal year, with profits growing nearly 300% driven by sales revenue and foreign exchange gains, alongside a dividend payout of 0.20 baht per share.
Polyplex (Thailand) Public Company Limited is a leading manufacturer and exporter of plastic films, primarily specializing in Biaxially Oriented Polyester (BOPET) thin and thick films. Their products are widely used in flexible packaging, industrial, electrical, and imaging applications.
AGPH (Thailand) Co., Ltd. operates as an industrial manufacturer focused on producing plastic film products designed for various industrial packaging materials and applications.
