SEC approves THRE holding company structure, 1:1 share tender offer from 23 September to 20 November 2026

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Summary · why it matters

The Securities and Exchange Commission (SEC) has approved Thai Reinsurance Public Company Limited, or THRE, to restructure its shareholding and management into a holding company structure under the name Thai Re Group Holdings Public Company Limited, or THREH. On 21 September 2026, THREH filed a securities offering registration statement together with a tender offer form 69/247-1 with the SEC, which took effect on 22 September 2026. Oran Vongsuraphichet, Chief Executive Officer of THRE, disclosed that 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, for a total of 40 business days. This is the final tender offer, offer price, and acceptance period, and THREH will not change the tender offer or offer price, nor extend the acceptance period. THRE shareholders can submit acceptance forms along with supporting documents to exchange shares at a ratio of 1 THRE share for 1 THREH share with the tender offer agent, Finansia Syrus Securities Public Company Limited, on the specified dates and times. After the tender offer 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. Trading of the new securities in place of the old ones is expected to begin around the end of this year as planned, and this may result in shareholders who do not accept the tender offer facing illiquidity in trading securities, limitations in receiving returns on investment, and various tax benefits.

Impact on assets 1

Financials▲
Thai Reinsurance Public Company Limited
THRE
± MixedRegulationrelevance

SEC approves THRE's restructuring into a holding company and 1:1 share exchange tender offer, with THRE to be delisted; effect on shareholders is mixed.

Off-coverage companies 2

Thai Re Group Holdingsi
Private± MixedRegulationrelevance

SEC approves THREH's holding company structure and its tender offer for all THRE shares ahead of listing on the SET.

Finansia Syrus Securitiesi
Private± Mixedrelevance

Named only as the tender offer agent handling THRE share acceptance forms; no substantive impact on its business.