BUSINESS COMBINATION During the first 6 months of 2018, there were 5 hottest deals which attacked investors' interest - VGI, PLANB, MINT, SPALI, IVL. April 2018, VGI and KLN Logistics (Thailand), Gather Excellence Limited, Siam Choapraya Express, the founding group of Kerry Logistics Network Limited (Thailand), had signed the term sheet to having a business combination. May 2018, PLANB had signed the term sheet to acquire 35% interest of BNK 48 Office Limited by purchasing 17.5% from its former shareholders and the rest from the new issuance. June 2018, MINT decided to purchase 16.8% of NH Hotel Group SA's total stocks. However, MINT had previously acquired NH Hotel Group SA's stocks for 9.4% during May 2018. SPALI decided to let Supalai Property Management (SPM), its subsidiary, taking over M.K. REAL ESTATE DEVELOPMENT PUBLIC COMPANY LIMITED (MK) 100%. It was a voluntary tender offer. March 2018, IVL took over M&G Polimeros Brazil S.A. 100%. July 2018, IVL bought Avgol Industries 1953 Ltd.'s stocks, 65.72%. June 2018, Indorama Netherlands B.V. (INBV), IVL's indirect subsidiary, and Dhunseri Petrochem Limited (Dhunseri) decided to make a joint investment to buy Egyptian Indian Polyester Company S.A.E. (EIPET)'s PET factory. June 2018, Indorama Ventures Spain S.L. (IVSSL), IVL's indirect subsidiary, agreed to purchase 100% outstanding stocks of KORDRNA Plus a.s. (Kordarna). QUESTIONS 1. Give the full names of the above 5 listed companies and their main business activities. Which of these listed companies are included in SET 50? 2. Indicate the type of business combination for each deal, horizontal integrating operation or vertical integrating operation or conglomerate operation, and explain your reasons. Give a brief business background of the acquired entities and the expected synergy after the business combination. 3. After business combination, what will happen to the stock prices of VGI, PLANB, MINT, SPALI, and IVL