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Canadian firm's Thai holding company holds 93 percent of insurer Interlife.
Dec. 1--Canada's Manulife Financial Corp and its Thai holding company have taken control of more than 93 percent in SET-listed Interlife John Hancock Assurance Plc.
Manulife, through the local affiliate, yesterday announced it had purchased an additional 59.6 percent in Interlife John Hancock at 21 baht per share from TCC Holding, owned by whisky tycoon Charoen Sirivadhanabhakdi.
Manulife will also issue a tender offer for all outstanding shares of Interlife at 21 baht each from other shareholders and then delist the company from the SET.
Shares of Interlife (INLIFE) last traded on Monday at 16.20 baht.
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Source: HighBeam Research, Canadian firm's Thai holding company holds 93 percent of insurer...