Bangkok Insurance, which is one of Thailand’s leading general insurers, has formed a holding company and is restructuring the group.
The restructuring process will involve the delisting of ordinary shares of Bangkok Insurance from the Stock Exchange of Thailand (SET); making an offer for the shares, establishing a new holding company, and listing the ordinary shares of the new holding company on the SET.
To this end, BKI Holdings Public Company Limited or BKIH has been formed to operate as an investment holding company. Bangkok Insurance will become a subsidiary of BKIH.
Bangkok Insurance has won shareholders approval for the restructuring which is expected to be completed in the second quarter of 2024.
Objectives
The objectives of t…
Read the full article at: https://www.asiainsurancereview.com/News/View-NewsLetter-Article?id=86144&Type=eDaily