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Polyplex Corporation is engaged in manufacturing of BOPP, Blown PP/PE and CPP films used in the flexible packaging industry and in industrial usages like release liners, tapes, labels etc. They have 35 Years Of Experience in Plastic Films. They have 7 Manufacturing Facilities In 5 Countries with Multiple Warehouses & Liaison Offices Worldwide.
Polyplex Board has scheduled its Annual General Meeting. A final dividend of Re. 1.00 per share was approved, with the record date for eligibility now set. This is a key corporate action for investors.
Polyplex's Board has decided not to participate in the tender offer for its 51% stake in Polyplex (Thailand) PCL. The company intends to retain its controlling interest in PTL, declining the offer from AGPH (Thailand) Ltd.
Polyplex's Board has decided not to participate in the tender offer for Polyplex (Thailand) Public Company Limited, where it holds a 51% stake. This means Polyplex will retain its majority ownership in its Thai subsidiary.
Polyplex's step-down subsidiary, PTL, is target of a tender offer for all its shares by AGPH (Thailand) Ltd. The offer price is 15.00 THB per share, valuing the deal at 13.50 billion THB. AGPH is related to Polyplex's 24.28% equity shareholder.
Polyplex Corporation Limited has informed the Exchange regarding 'Clarification'.