GC to Increase Vinythai Shares through Delisting Tender Offer, Strengthening Downstream Chemicals Business, and Expanding Its Business in CLMV Market

GC’s Board of Director’s special meeting on 18 March 2021 has resolved to approve GC to, subject to certain conditions, proceed a delisting tender offer (“DTO”) of all common shares of VNT to delist the securities of VNT from the SET, at the offer price of THB 39 per share, which is subject to price adjustment in accordance with the laws and regulations of the Securities and Exchange Commission, Thailand (“SEC”). VNT’s majority shareholder, AGC Inc. (“AGC”), has agreed not to tender any of its majority stake in VNT through the DTO. VNT is and continues to be a core business and subsidiary of AGC after the DTO. Following the delisting of VNT’s securities from the SET, GC together with AGC has a potential plan to amalgamate VNT and AGC Chemicals (Thailand) Company Limited. (“AGC-TH”), which will become a major shareholder of AGC Chemicals Vietnam Company Limited. (“AGC-VN”), to form a…