Independent Financial Advisor Provides Opinion on Conditional Tender Offer for VL Shares Amid Unsolicited Takeover Attempt

Bongkot Holdings Company Limited, a wholly owned subsidiary of Precious Shipping Public Company Limited (PSL), has announced a conditional voluntary tender offer to acquire additional shares in VL Enterprise Public Company Limited (VL). The offer is unsolicited and represents a hostile (non-friendly) takeover attempt, as it was initiated without a negotiated agreement with VL.

To ensure transparency and support shareholder decision-making in accordance with capital market requirements, VL appointed an Independent Financial Advisor (IFA) to evaluate the tender offer. The IFA’s review covered the offer’s key terms and conditions, pricing fairness, and potential impacts on VL and its shareholders, drawing on commonly accepted valuation methodologies and relevant market benchmarks.

Based on its analysis, the IFA concluded that the offer price is below the assessed value of VL and issued its professional opinion for shareholders’ consideration. Shareholders should review the IFA report in full and continue to monitor announcements and regulatory developments as the tender offer process progresses.