Thailand ·

AGPH's Polyplex Thailand tender offer draws only an 18% stake, well short of its 100% target

UAE-based AGPH (Thailand) Ltd sought all of Polyplex (Thailand) Public Company Ltd but picked up just 18.09% of the polyester-film maker when its tender offer closed August 5, after Indian parent Polyplex Corporation — which holds the controlling 51% stake — declined to tender its own shares.

Thailand skyline
Bangkok skyline — Wikimedia Commons, CC BY-SA 3.0

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