Plantheon Co., Ltd. made an offer to acquire remaining 25.42% stake in Siam Food Products Public Company Limited (SET:SFP) from the group of sellers for THB 1.3 billion on February 13, 2023. The offer per share is THB 254.27, after deducting the Tender Offer Agent fee of 0.25% of the Offer Price and value added tax (VAT) of 7% of the brokerage fee. The Net Offer Price is THB 253.5898. The transaction will be financed from Plantheon internal resources. The transaction has been approved by the board of Siam Food and is subject to De-listing of stock and approval from shareholders of Siam Food. The offer will commence from April 20, 2023, and will close on May 22, 2023. As of May 23, 2023, Siam Food Products Public submitted report on the preliminary result of the Tender Offer to the security exchange commission of Thailand and acquired 1.72 million shares on May 22, 2023, representing 8.19%, after the tender shares Plantheon has 82.78% ownership in the Siam Food Products. The tender offer period is for 45 days from April 20, 2023, to June 27, 2023.

Jay Capital Advisory Limited acted as a financial advisor and fairness opinion provider for Siam Food Products Public Company Limited. Discovery Management Co acted as a financial advisor, and Weerawong, Chinnavat & Peangpanor Ltd. acted as a legal advisor to Plantheon Co., Ltd.