Siam Commercial Bank announces tender offer result of Siam Commercial New York Life PCL

Press Releases » อังคาร 10 พฤษภาคม 2554 14:14 น.

With reference to the acquisition by Siam Commercial Bank (SCB) of Siam Commercial New York Life PCL (the "Company") from New York Life Insurance Co., Ltd. and its Thai joint-venture company to increase the Bank's stakeholding in the Company to 94.66% of issued and outstanding shares of the Company, SCB is mandatorily required to do a tender offer to purchase all the remaining shares from other shareholders. The tender offer period lasted 25 business days, beginning from March 23, 2011 until May 3, 2011. Sage Capital Limited was appointed by the Company as an independent financial advisor to shareholders for the tender offer. After the period of tender offer, no shareholder offered the Company's shares to the Bank. Therefore, the Bank continues to maintain 62,950,033 shares, or 94.66% of issued and outstanding shares of the Company.

InsureX Transforms Brokerage Model into Advisory-Led Business

Strengthens advisory force to expand mid-to-affluent segment, targets THB 10 billion in premiums within five years INSUREX Co., Ltd. (InsureX), a life and non-life insurance broker wholly owned by Siam Commercial Bank, is accelerating its expansion following its rebranding from SCB Protect to InsureX. The company has unveiled a strategic shift from a traditional brokerage model toward a "Protection Advisory" approach, delivering holistic protection solutions through its 360 Protection Planning

08 มิถุนายน 2569 16:09 น.

Siam Commercial Bank announces tender offer result of Siam Commercial New York Life PCL

ข่าวSiam Commercial Bank+the acquisitionวันนี้

InsureX Transforms Brokerage Model into Advisory-Led Business