TIPH Soars 22% on the First Trading Day as a Holding Company in Place of TIP
TIPH gained as much as 22% this morning on the first trading day in place of Dhipaya Insurance Public Company Limited.
The share price of Dhipaya Group Holdings Public Company Limited (TIPH) rose as much as 22% to Bt34.25 per share on the first trading day after the restructuring of Dhipaya Insurance Public Company Limited (TIP) shareholding structure, which requested the Stock Exchange of Thailand (SET) to accept TIPH’s ordinary shares to be listing securities on SET in place of TIP.
TIPH operates by holding shares in other companies (Holding Company) with the core business in insurance industry, comprising domestic non-life insurance, domestic life insurance, international insurance, and insurance-related businesses, and having Dhipaya Insurance Public Company Limited (TIP) as a subsidiary that operates in the core business.