Supalai Public Company Limited has announced its intention to make a Voluntary Tender Offer for MK shares, believing it will foster a WIN-WIN collaboration to enhance growth potential.

Dr. Prateep Tangmattatham, Chairman of the Board of Supalai Public Company Limited revealed that the company's board meeting on July 10, 2018, resolved to have Supalai Property Management Co., Ltd. (SPM) make a voluntary tender offer for all securities of Munkong Housing Public Company Limited (MK) at a price of 4.10 baht per share.

The reason Supalai is interested in making this Voluntary Tender Offer is that Munkong Housing Public Company Limited is a property developer operating in different sectors than Supalai, such as warehouses and golf courses. Additionally, it has several land bank plots in prime locations with relatively low costs compared to current land prices, and there is potential for future development. This also represents an expansion of investment into areas or customer segments that differ from Supalai's current projects.

Currently, Supalai is in a strong financial position due to continuous growth in sales, performance, and healthy cash flow, with manageable debt levels thanks to a capital increase last year and a financing cost below 3%.

Therefore, it is confident that this Voluntary Tender Offer will create a WIN-WIN business collaboration for both Supalai Public Company Limited and Munkong Housing Public Company Limited. Furthermore, Supalai can help reduce land development costs and financial expenses for Munkong, potentially increasing overall profits. This investment approach will be similar to Supalai's investment strategy in Australia, where it primarily engages in policy management.

Thank you for the information from www.supalai.com