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Provider: Wright Reports
Provider: Reuters Investment Profile

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Thai Reinsurance PCL Updates Information for listing Thaire Life Assurance PCL in Stock Exchange of Thailand through Initial Public Offering

Friday, 20 Sep 2013 02:36am EDT 

Thai Reinsurance PCL announced that it approved the registration of Thaire Life Assurance PCL (THREL), a subsidiary of the Company as a listed company in the Stock Exchange of Thailand (SET) and the offering of THREL existing shares that the Company holds in the amount not exceeding 285,000,000 shares. 118,000,000 shares of THREL which held by the Company will be offered to existing shareholders, 167,000,000 shares will be offered to public and/or private placement, together with the offering of 100,000,000 new THREL shares will be offered to the public and the existing shareholders of the Company through initial public offering (IPO). The IPO price is THB 9.50 per share. The subscription dates are September 23-25, 2013 for the 118,000,000 shares and September 26-30, 2013 for the rest of the shares. 

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24 Apr 2014