THRE opens 1:1 share swap into THREH, tender offer from 23 September to 20 November 2026

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2▲0 ▼0Impact / 5
Summary · why it matters

Thai Reinsurance Public Company Limited, or THRE, is preparing to restructure into a holding company under the name Thai Re Group Holdings Public Company Limited, or THREH. Chief Executive Officer Olarn Wongsurapichet said THREH filed its securities offering registration statement and tender offer document with the Securities and Exchange Commission on 21 September 2026, effective 22 September 2026. THREH will begin its tender offer for all existing shares of THRE from 23 September 2026 to 20 November 2026, between 09:00 and 16:00, on business days only, a total of 40 business days. Shareholders can swap shares at a ratio of 1 THRE share for 1 THREH share through the tender agent, Finansia Syrus Securities Public Company Limited. THREH will not change the offer or the offer price and will not extend the acceptance period. After the acceptance period ends, the company will apply to list THREH's ordinary shares on the Stock Exchange of Thailand in place of THRE's ordinary shares, which will be delisted at the same time. Shareholders who do not accept the tender offer may face illiquidity in trading their securities, restrictions on receiving investment returns, and the loss of various tax benefits.

Impact on assets 1

Financials▲ · 1 stocks
Thai Reinsurance Public Company Limited
THRE
± MixedCapitalrelevance

THRE is being restructured into a holding company via a 1:1 share swap and will be delisted, with non-accepting shareholders facing illiquidity and loss of tax benefits.

Off-coverage companies 2

Thai Re Group HoldingsPrivate± Mixed
Capitalrelevance

THREH is the new holding company conducting the tender offer and seeking to list in place of THRE.

Finansia Syrus SecuritiesPrivate± Mixed
relevance

Finansia Syrus Securities is named only as the tender agent handling the share swap.

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