Mr. Manpong Senanarong, Deputy Manager, Head of Issuer Division The Stock Exchange of Thailand revealed that the SET welcomed Thai Life Insurance PCL. Listed and started trading on the SET in the financial business industry Insurance and life insurance By using the abbreviation of securities trading as “TLI” on July 25, 2022
TLI is the first Thai life insurance company. operates business under the name “Thai Life Insurance”, which has been known for more than 80 years, has a market share. (Considering total insurance premiums) is the top 3 in the country for 12 consecutive years until now. with a wide variety of products Nationwide coverage from a network of more than 64,000 life insurance agents, one of the leaders that are sold through life insurance agents in the country. There are distribution channels through financial institutions. Leading partner organizations and others that reach every group of customers It also received business support from Meiji Yasuda Life Insurance Company (MY), a strategic shareholder, one of the major life insurance companies in Japan.
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TLI has a paid-up capital of 11,450 million baht with a par value of 1 baht per share by initial public offering (IPO) totaling 2,316.70 million shares, consisting of 850 million new ordinary shares, existing ordinary shares of V.C. Sombat Co., Ltd. 1,166.58 million shares and Her Sing (HK) Limited 138.49 million shares and allocated shares in excess of 161.63 million shares by offering to individuals at the discretion of the underwriters. Person who has relationship with the Company and company employees Between 29 June – 6 July 2022 and institutional investors both domestically and internationally Between 11-12 and 14 July 2022 at a price of 16 baht per share, representing an offering value of 37,067.18 million baht (including over-allotment) and a fundraising value of 13.6 billion baht, with a stock value at the IPO price of 183.2 billion baht. baht
Mr. Chai Chaiwan, Chief Executive Officer of Thai Life Assurance Public Company Limited (TLI), said that listing the company on the Stock Exchange of Thailand It will help strengthen the potential for continuous and sustainable growth. The company plans to use the money from this fundraising to invest in technology (Digital Transformation) to drive the company to become a Data Driven Company, including increasing the efficiency of The existing strong partner channel to cover more customer needs.
ready to strengthen the capital fund To maintain leadership in life insurance business in Thailand and Southeast Asia Answer the question of being a life insurance company of sustainability that can generate sustainable returns for investors and ready to take care of Thai people
In this regard, TLI has a policy to pay dividends at the rate of not less than 30% of the net profit according to the separate financial statements. After tax deduction and allotment of various reserves All types as required by law
Investors and interested parties For details, please refer to the Company’s prospectus at the SEC’s website at www.sec.or.th. and general information of the company at www.thailife.com and at www.set.or.th