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Thai Reinsurance acquires additional shares in 2 subsidiaries

ThaiReinsurance PCL bought additional shares in two of its subsidiarycompanies, Thaire Actuarial Consulting Co. Ltd. and Thaire Services Co. Ltd.

The company purchased 352,500 shares of Thaire Actuarial for100 Thai baht per share, amounting to 35.3 million baht, according to a Sept.26 release.

The company also bought 2 million shares of Thaire Servicesfor 10 baht per share for a total of 20 million baht.

The company holds a 99.99% stake in each of the subsidiaries.

As of Sept. 26, US$1was equivalent to 34.59 Thai baht.