SEC approves THRE holding company restructuring, 1:1 share exchange tender offer starts 23 September 2026

thunhoon.com··TH·Read original
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Summary · why it matters

The SEC has approved Thai Reinsurance Public Company Limited, or THRE, to restructure into a holding company under the name Thai Re Group Holdings Public Company Limited, or THREH. THREH will begin making a tender offer for all existing securities of THRE from 23 September 2026 to 20 November 2026, between 09:00 and 16:00, on business days only, totalling 40 business days, at an exchange ratio of 1 THRE share for 1 THREH share. Mr. Olarn Wongsurapichet, Chief Executive Officer of THRE, disclosed that THREH filed its securities offering registration statement together with the tender offer document, Form 69/247-1, with the Securities and Exchange Commission on 21 September 2026, which will take effect on 22 September 2026, and confirmed that this tender offer, offer price, and acceptance period constitute the final offer, and will not be changed or extended. Shareholders may submit tender acceptance forms together with supporting documents to exchange their shares through the tender agent, Finansia Syrus Securities Public Company Limited, on the specified dates and times. After the acceptance period ends, the company will apply to list the ordinary shares of THREH on the Stock Exchange of Thailand in place of the ordinary shares of THRE, which will be delisted at the same time. Trading of the new securities in place of the old ones is expected to begin around the end of this year as planned. Shareholders who do not accept the tender offer may face illiquidity in trading their securities, restrictions on receiving returns from their investment, and limitations on various tax benefits.

Impact on assets 1

Financials▲ · 1 stocks

Off-coverage companies 2

Thai Re Group HoldingsPrivate▲ Positive
Regulationrelevance

SEC approves Thai Re Group Holdings as the new holding company that will tender for all THRE shares and list on the SET in THRE's place.

Finansia Syrus SecuritiesPrivate± Mixed
relevance

Finansia Syrus Securities is named only as the tender agent handling the share exchange, not a party affected by the restructuring.

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