TVH shares jump by more than 5% after Itochu move

Quick Summary:

Shares of Thaivivat Holdings (TVH) on the Stock Exchange of Thailand (SET) jumped by more than 5% yesterday after the insurance firm announced Japanese trading house Itochu would buy roughly 20% of its subsidiary Thaivivat Insurance (TVI).

The new shares would be offered at 13.66 baht apiece, with the total transaction valued at 1.03 billion baht, he said.

Following the completion of Itochu's investment, TVH will remain the controlling shareholder of TVI, holding 79.15% of its enlarged total issued shares, he said.

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Article Details

Category: EconomyBusiness

Markets: ThailandJapan

Topics: Baht Market Terms Jiraphant Investment Insurance Business Shares Itochu Thaivivat Million

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-17 @ 04:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 407 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 25208560

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