Weerawong, Chinnavat & Peangpanor (WC&P) advised Thai Reinsurance Public Company Limited (THRE) on THRE’s capital increase from (approx.) Baht 1.2 billion (US$ 39.6 million) to (approx.) Baht 3.5 billion (US$ 117.1 million) by issuing just over 2.3 billion new ordinary shares. THRE is Thailand’s sole professional reinsurer, offering reinsurance coverage in all major property and casualty business lines, with particular expertise in property, casualty, engineering, marine, and life customers. Up to nearly 1.6 billion of the newly issued shares, at an offering price of Baht 3.00 (approx. US$.10) per share, have been allocated to existing THRE shareholders in proportion to their shareholding, and up to 742 million of the newly issued shares have been allocated to HWIC Asia Fund under the private placement scheme. The transaction closed on March 22, 2012 and was led by the Firm’s capital markets partner, Paradorn Leosakul.