Thai Reinsurance Public Company Limited, or THRE, is preparing to restructure its business into a holding company format by establishing Thai Re Group Holdings Public Company Limited, or THREH, after receiving approval from the Securities and Exchange Commission, or SEC. THREH filed its securities offering registration statement and tender offer document with the SEC on 21 September 2026, which took effect on 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, totalling 40 business days, exchanging shares at a ratio of 1 THRE share for 1 THREH share through the tender agent, Finansia Syrus Securities Public Company Limited. THREH confirmed it will not change the tender offer or the offer price, and will not extend the acceptance period. Olarn Wongsurapichet, Chief Executive Officer of THRE, invited all THRE shareholders to exchange their shares for THREH shares according to the specified dates and times. 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 under the prescribed criteria. This may result in shareholders who do not accept the tender offer facing a lack of liquidity in trading their securities, restrictions on receiving returns from their investment, and various tax benefits.
Thai Reinsurance Public Company LimitedTHRE is being restructured into holding company THREH via a 1:1 share tender offer, after which THRE will be delisted, leaving non-accepting shareholders with liquidity and tax-benefit risks.
THREH is the newly established holding company making the 1:1 share tender offer for THRE and will be listed on the SET in place of THRE.
