Thaiwiwat Holdings has signed an agreement to subscribe to 15,060,000 newly issued ordinary shares of Thoon Insurance, with a par value of 10 baht per share, through a private placement at 4 baht per share, representing a total investment of 60,240,000 baht. This results in a 25.1% stake in the total shares after the offering. The transaction remains subject to registration of the change in paid-up capital with the Department of Business Development and approval from the Office of Insurance Commission. The company aims to expand its non-life insurance business, particularly the travel insurance market, and reported first-half net profit of 514.4 million baht, up 102% from the same period last year, driven by insurance revenue growth of 3.5% to 3,939.6 million baht and a 5.7% decline in insurance service expenses to 3,164.4 million baht.
Thaivivat Holdings Public Company LimitedThaiwiwat Holdings invests 60.24 million baht in Thoon Insurance, expanding its non-life insurance business.
Thoon Insurance receives new investment and reports strong profit growth, boosting its capital position.
